What Yahoo and Nokia's Offshore Cutbacks Tell Us About India

Customers at a cafe speak into their mobile phones in New Delhi, India. Photographer: Sanjit Das/Bloomberg

Yahoo! just made about $9 billion in cash from Alibaba Group's initial public offering, and investors are licking their lips at the thought of how Marissa Mayer might spend it. Snapchat? AOL? Well, here's one area you shouldn't expect her to invest in: offshoring more jobs to India.

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