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New Delhi, Delhi, India, Wednesday, January 07, 2009 -- (Business Wire India)
Despite the current global economic downturn which is having a ripple effect on Indian economy with companies announcing slowdown in hiring, salary cuts and regular news of mass layoffs, remarkably there is one corner of the business which has seen exponential growth and is increasingly becoming a choice for Indian SMBs and skilled professionals as a steady mode of revenue & earning.LimeExchange, the online services marketplace from Lime Labs LLC U.S., providing “Global Talent on Demand”, which was globally launched in July 2008 has seen a recent upsurge in its business with more than $1 Million worth of outsourcing opportunities getting posted in the last 3 months. Business is coming primarily from U.S., Canada, Australia, Europe & even India with buyers looking for SMBs and freelancers to help them complete their urgent business requirements.Though LimeExchange owing to its global focus has sharply increased its user base by 300% in the last quarter and has expanded its reach to across 167 countries, India is still the top performer in terms of receiving these global opportunities with over 30% coming to Indian SMBs and Freelancers.LimeExchange SMB service providers like ‘Global Solutions’ (Bangalore), ‘Avani Software’, ‘Technovate Solutions’ (Ahmedabad) and Individual freelancers across India are now benefitting further by receiving repeat business opportunities from happy global clients.Commenting on the sharp increase in user base, Pawan Agarwal, Head India Operations said, “Traditionally, unlike U.S., India has been late in adopting the idea of freelancing or online outsourcing as a primary business avenue, but with the recent economy changes Small Medium Businesses & Professionals have started realizing the potential of this model as a steady source of