Offshore Outsourcing and growth of IndiaSunday, March 19, 2006
Offshore Outsourcing and growth of India is on the pick. India is achieving more and more milestones slowly. Name of the country and its talents are demanded more globally. India’s brand names in the field of Information Technology are demanded very much globally. Companies from abroad also prefer to hire Indian talents and professionals rather than going for the local and onshore manpower.
Country’s software and services exports are predicted to increase by 32% to US$23.4 billion in the next financial year, according to NASSCOM. Information Technology services, including software services, are also expected to supply US$13.2 billion to exports in the current fiscal year of the country. It is considered to be a perfect growth for the Software Development India. Other areas of Offshore Outsourcing like call centers and BPO (Business Process Outsourcing) are expected to contribute US$6.3 billion, according to NASSCOM. Services like Research & Development (R&D), Engineering, and product development work are also likely to contribute another US$3.9 billion to the growth of the country. Country’s total Offshore Development service industry, including sales to the domestic market, is also expected to expand during the financial year by about 31% to US$29.5 billion according to the NASSCOM.
Sector like employment in IT services is also expected to reach around 1.3 million by March 31, of which about 925,000 would be employed in the export sector of the country, according to NASSCOM. Country’s offshore services industry is riding a boom at present. Country can maintain its worldwide leadership in overseas services and grow its Information Technology and Business Process Outsourcing industries at an annual rate of over 25% to produce export revenues of about US$60 billion in 2010.
Offshore Outsourcing India in IT sector
Offshore Outsourcing India in IT Sector is demanded more as compared to other countries. Services in the Information Technology sectors from the house of India are suitable for many companies globally. Talents and professionals from the country are also cost effectiveness for such companies as they charge almost 5 times less than the US software developers. Country is also in the demand for telecom services for Offshore Development, as a part of Call Centers and Business Process Outsourcing . Lots of companies have their call centers in the country and they are hiring Indian talents with the best suitable pay packages.
India is also famous for other overseas services. Country has enough skilled and talented manpower to meet the global demand for any sectors. These all factors lead to the growth of the Offshore Outsourcing of the country. Country provides the best quality services with the lower rates globally.
All these factors are indicating towards the growth of the country in the present scenario as well as in the future also for Offshore Outsourcing.
Offshore Development has given lots of boost to the economy of the India.