Software Outsourcing and Growth of IndiaMonday, February 06, 2006
Software Outsourcing is the process that is a boom in India as Indian talents are known as the best one in the Information Technology sector. Surprisingly India is the country which is very much demanded in the IT market because of the services the country provides. More and more overseas companies are now hiring Indian talents and trying to deal with Indian companies for overseas software services. India also has lots of brand names which are also very well known worldwide for its overseas services in the IT sector. This overseas service in the Information Technology sector has helped a lot with the revenue growth of the country. The country’s revenue has got lots of boost because of the success of Indian talents in IT service to the overseas companies. More and more Foreign Direct Investment (FDI) is also taking place with more entrance of the MNCs to India for the purpose of Software Outsourcing.
Software Outsourcing from India is mainly done because overseas IT companies find lower-cost IT talents from India very easily. The role of service providers is also getting expanded as the demand of Indian talents is increasing. In the initial stages, these big brand names were just “body shops” in the field of Information Technology, but now they have been the main IT centers of the country. Previously any overseas company used to set up a subsidiary in India to gain the cost advantage, now is looking at different alternatives like Third-party outsourcers and many more. As time passes, the role and responsibilities of the Indian Software Outsourcing companies are also changing. The demand and expectation from them is also increasing day by day because of their success globally. The demand of Indian worker is that much high that BPO companies are now finding the shortage of IT talents for software services. Big MNCs are now also providing campus programs in IT colleges and hiring Indian talents directly from there with the high pay amount. Software Outsourcing process is really playing a critical role in India.
Software Outsourcing has also played a noticeable role in employment structure in India. Lots of IT talents and skilled professionals are hired by the big brand names with very competitive salaries and lots of extra perks. And the fact is within a short period of time BPO companies might face the shortage of Indian talents for the over services as the demand of the Indian talents is increasing a lot globally. Indian talents at present are on the top positions in many big MNCs overseas which are really a proud for India. All these play important role for Software Outsourcing and Growth of India.
It is true that Software Outsourcing is playing major and important role for the growth of Indian economy. Fluctuation in overall process might also pose some major changes in whole structure too. In short the whole process is really a blessing one for the growth of India.