How To Profit From Offshore Outsourcing To India
Over the past couple of decades, the world has discovered the fact that India is a formidable force in the arena of providing IT solutions and offshore outsourcing to India is a brand in itself. Indian IT firms do not just offer cost effective solutions, but also value additions by improving productivity, applying processes, and consistent quality. This current of the latest trend of "offshore outsourcing to India" has swept many Fortune 500 companies like Microsoft, Oracle, Citibank, Morgan Stanley, Wal-Mart, AT&T, General Electric, Reebok, General Motors, Sony, Boeing, Coca-cola, Pepsi, Swissair, United Airlines, Philips, IBM, Lucas and British Aerospace to set shops in India and reap the long term benefits with increased revenues at lower costs.
Why Consider Call Center Outsourcing To India? What Are The Pros and Cons of India Outsourcing?
Though offshore outsourcing to India has been popular for many years, it's only been in the past 10-15 years that there has been a dramatic shift in focus to "3rd world countries" like India, China, Malaysia, Philippines etc. There are a wealth of articles and write ups about the huge cost saving advantages of offshore outsourcing with a majority claiming this figure to be anywhere between 40-50% !
However, offshore outsourcing to India has come under attack post 9/11 etc. There has been a tremendous outcry against outsourcing to India by political parties in the US and UK and other parts of Europe because of the growing rate of unemployment in these countries. In fact, the significance of this has been so strong that BPOs and Outsourcing have become the topic of debate with the Presidential contestants in America. Many experts have gone so far ahead as to point out that actual costs and poor quality of service are the hidden truths behind the attractive packaging of this business outsourcing market. Any how let's take a closer look at some of the factors that spell money for the various MNCs that are setting business process outsourcing management units to add to the increasing traffic in the offshore outsourcing to India marketplace: Huge human resource Capabilities of India
Being the world's second highly populated country has some benefits including human resources. Just like the Gulf region is renowned for its natural resource of crude oil, and South Africa for its diamonds, India is proud of the abundant and easily available highly qualified, technically skilled and English speaking computer-literate pool of manpower; these are the key contributors to the resounding success in the field of IT and business outsourcing to India. Cost efficiency of IT outsourcing to India
The per head cost in India as compared to that in US, UK, Europe is significantly less. This has tempted the CEOs and management of large global companies to set shop and take benefit. Outsourcing to India also offers considerable economical benefits over a period of time, and those who are prepared to exploit the advantages of outsourcing, are the beneficiaries. Galloping growth in Indian economy
The service sector in India contributes 50% - 60% of the country's GDP. India being the second largest software exporter in the world, its large business houses and public sector units are growing steadfastly guiding an insatiable economic growth. It is no wonder when it comes to offshore software development, India is a true superpower.
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