Following the footsteps of ICRA and CRISIL on rating corporate governance, credit rating agency Fitch will also take up such an exercise soon.

Fitch's top executive Robin Monro-Davies said, "A decision (in this regard) will be taken in 2-3 months."

The Securities and Exchange Board of India had asked ICRA and CRISIL to undertake the rating of corporate governance in terms of wealth creation, wealth sharing and wealth management.

Ruling out a tie up with the domestic rating agencies, Monro-Davies said it was considering outsourcing from India for data mining and back-up support.

"The group is looking at the possibility of outsourcing works from India and one of the reasons of my visit is to look into the outsourcing of work from here," he told PTI in New Delhi on Friday.

He said that unlike the operations of large companies, Fitch's outsourcing work would require about 50-100 people.

Fitch has a staff of about 1,200 in about 40 countries and operates in India through its wholly owned subsidiary Fitch India.

On Fitch's rating of the Indian economy, he said it was encouraging to see the changes taking place on the economic front in the country, adding that for many years nothing happened, but now significant progress was taking place in the transport and power sectors.