Inevitable and Beneficial Outsourcing

Britain on Wednesday said outsourcing was "inevitable and beneficial" and asked India to lift the cap on foreign investment in areas like banking, insurance, accountancy, law and financial services.

"Outsourcing is a sensitive issue in the United Kingdom. But the British government is taking steps to boost competitiveness of the country and enable its workforce to be engaged higher up in the value chain," British High Commissioner to India Michael Arthur told a Confederation of Indian Industry function in New Delhi.