80% of European and US outsourcing firms ranked India as their number one outsourcing destination in a recent survey. The National Association of Software & Service Companies (NASSCOM) also reported that almost half of all Fortune 500 companies choose to outsource software development to Indian outsourcing firms. With rising costs and salaries in areas such as India and China, not to mention the impact of gas and shipping expenses and poor communication with outsourced employees, plus the accelerating rate of automation, outsourcing and offshoring are losing their financial charm. Accordingly India’s Prime Minister Narendra Modi's hoped-for manufacturing boom in his country may not happen due to the onset of automation. 
India: The Perils of Digital Transformation
May 22 (The Globalist).─ For India’s Prime Minister Narendra Modi, 2017 began with a disappointment: Both the International Monetary Fund (IMF) and the World Bank corrected their economic outlook for India – in one case from projected 7.6% of GDP growth to 6.6%, in the other from 7.6% to 7%.
Demonetization hits the economy
The institutes justified the downgrades with the aftershocks of demonetization. Prime Minister Modi’s surprise decision of November 8 to invalidate 86% of the nation’s currency temporarily put India’s cash-dependent economy on the skids.
His move aimed at fighting black money and corruption, but it also sparked a mini-recession. Only gradually have financial transactions returned to normal.
Modi past half point
Three years ago, Narendra Modi won a huge majority on the promise to lead India into a new era of modernity and development. Today, many plans remain work in progress.
The “Make in India” campaign aims at attracting foreign investment and is one of the prime minister’s pet projects. Modi has crisscrossed the globe and hardly missed a chance to promote the plan ...
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