That’s the best way to read the findings of a recent study by BDO Seidman LLP, an accounting and consulting organization. The study reveals that nearly a quarter of the chief financial officers at U.S. technology businesses who outsource plan to consider the United States as the main outsourcing destination in 2009.

The obvious reason driving this rapid growth of US in outsourcing services is the rising costs in traditional Indian destinations such as Bangalore and Mumbai, making second-tier U.S. cities like Indianapolis and Boise, Idaho, relatively more price-competitive than in the past, explains a CIO Today article.

And with the global economy burrowing deeper into recession, the pursuit of alternatives for outsourcing destinations to stretch every IT buck thin has accelerated, giving way to alternative onshore outsourcing.

As a result, such unexpected local destinations as Boise, Indianapolis and Idaho are benefiting in US. Reason: Low cost of living in these cities in comparison to other western cities such as San Francisco and Denver, according to a CIO Today article. Also, onshore outsourcing can help firms overcome the inevitable angst of working 24X7 to keep with the time zone in India.

But can this quest to substitute offshoring with onshoring beat the benefits of the dollar-rupee conversion?