Outsourcing, which is becoming more of a political issue in the US in the year of presidential elections than an economic matter, will only create a win-win situation for both India and the US, according to Secretary of State, New York, Randy Daniels.
Outsourcing and India: Complete Coverage
"Backlash has not gained much currency in New York. However, it has gained considerable currency in Washington DC," Daniels, who is visiting Mumbai along with a high-level business delegation, told reporters in Mumbai on Thursday.
Restricting outsourcing is against free trade and open market norms and is wrong for economics, social policies and global co-operative conditions, he said at a function organised by All India Association of Industries.
Banning of outsourcing would only help in creating "conflicts and retaliation", rather than closeness and co-operation, he added.
