One of the bad things about projections, especially long-term projections, is the lack of accountability. Or that like astrological forecasts, we only talk about the ones that were right. But anyway there is an interesting discussion of the Indian outsourcing industry, including a discussion on projections. A decade ago, McKinsey and India’s powerful information technology and outsourcing trade group, Nasscom, predicted that revenue from outsourcing by foreign companies would reach $50 billion in India in 2010. The global economic slowdown has delayed that by three or four quarters — revenue is predicted to reach $47 billion this year.