India and Outsourcing...
India is in the midst of an IT boom, and has over the last decade or so emerged as one of the prime destinations for Outsourcing. Thus, it is one of the prime choices, for outsourcing, for the international players. Products par excellence combined with prompt & on-time delivery has added to India 's reputation as a leading IT destination. Latest statistics reveal that 82% of US companies have voted for India as their top IT destination.
Because of the growing popularity of India as a software nation, many new Indian companies have forayed into the IT market. All this has helped India to gain a major chunk of the Outsourced jobs. The outsourcing countries are flexible enough to search the global market for a wide range of solutions. This healthy trend to outsource is likely to hit an even steeper upward curve in the coming time. Moreover, India will continue to have a major say in the field of IT, courtesy a technological, English speaking workforce.
Thus, briefly, the reasons for choosing India for Outsourcing are:
India has a highly talented, technologically advanced, English speaking workforce.
Organizations have realized the advantages of keeping their valuable resources free. This helps them re-engineer themselves, train their staff in latest skills, which will help them in facing the challenges posed by the market forces. All this safeguards their core strengths and strategic business interests in the long run. Offloading non-core IT functions to offshore development centre (ODC) results in better planning of core functions. Now, the activities focus on strategic thinking, process re-engineering and managing trading/partner relationship.
The entire world recognizes India as a force to reckon with in the field of IT. Moreover, it will only gain in stature in the coming years
Indian government has given a special status to the IT sector and this explains all the sops and privileges given to IT. The government is extending all possible support to the software exports and has made various provisions for that.
Compared to the western countries, like the United Kingdom and the United States , the cost of hiring talented workforce is very low
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