India is IBM's right hand right now

IBM is banking on India to help propel itself--and its services--to the forefront of the tech industry. The company is currently on a non-stop public presentation of how India fits into its business strategy and what it hopes to accomplish through its massive outsourcing effort. While IBM has reduced workforce in the U.S., it's done just the opposite in India. In 2004 it had 9,000 employees and that number just hit about 43,000. Financially, the deep investment is paying off as IBM's business in India grew 61 percent in the first quarter of this year, up from 55 percent in last year and 45 percent in 2004.

For more on IBM's commitment in India:
- see this New York Times article