Is Obama a nightmare for BPO jobs in India?

During the Democratic Party conventions, Presidential candidate Barack Obama had announced that outsourcing to India is adversely affecting America. He promised to cut this outsourcing if elected to White House. As a matter of fact, unemployment rate in USA touched a 20-year high at 14% last quarter. His statement led the Indian BPO industry into a state of shock; the fate of a large population of youth who are completely dependent on call centers faced a question mark. What according to you will be the fate of BPO jobs in India?
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