As for the outlook, exports as a whole – including indirect exports via Asian economies such as China and the NIEs – are likely to increase moderately, as the growth rates of advanced economies such as those of the United States and Europe increase. 2.
While non-financial industry has taken huge strides in this arena, the banking sector, at least in India, also seems to be moving in this direction. Security is often quoted as a concern for the banks adopting cloud computing, but with robust and modern security devices and software available, the bankers’ security concerns regarding protection of data can be addressed.