Subprime Woes Reach Outsourcers

The collapse of mortgage lenders in the U.S. is slowing the pace at some of India's fast-growing IT companies

When the subprime crisis hit in early August, the global contagion was largely limited to the banking sector in Europe and some parts of Asia. But while India's banks, which had little exposure to the crisis, were largely unharmed, some of its outsourcing companies are emerging as unexpected victims of the financial turmoil.

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