Offshore Software Development helps Indian economy to growThursday, May 11, 2006
Offshore Software Development helps Indian economy to grow and the IT Developers are looking back to the country that had left India years back, according to the latest survey. India has almost been one stop solution for Software Outsourcing and Development services. Day by day the presence of MNCs is increasing in the country and the demand of the IT developers and engineers is also going high. The fact is the Information Technology companies are now finding shortage of the IT developers in the country. Even the workers that had left India for better scope are now coming back to the country as they find better Offshore Software Development future in India itself.
The main reason for these developers and IT worker to come back top India is the rising economy of the country. India is doing the best as far as Information Technology Industry is concerned and the growth of IT Industry in the country has also helped the economy of India to grow with some remarkable extent. More and more MNCs are eyeing to India for the development and establishment purpose and by this way huge Foreign Exchange is coming in Indian Territory. In India, Bangalore is the IT hub for the country. In the current scenario, country has also done lots of progress in the Infrastructure Development and Telecommunication Industry.
Offshore Software Development companies
In last one or two years the return migrations to India have become gradually more as the return ratio of the Software Developers is more. Education system of India is also one of the best as far as IT is concerned. Every thousands of IT graduates pass out and are ready to serve the country. Now some big Offshore Software Development companies arrange campus programs in such IT universities and hire the talents directly from there. It is also stated in the market that to be in the latest trends in the Information Technology you need to be in India. Employee growth is also very high over here. It is also true that latest technology happens in India while it is consumed in United States, so India is considered to be the spot of innovation for IT.
It is also fact that almost one and half decade back Indians used to migrate to the countries like United States and United Kingdom for better future, but since 1991 foreign companies have started to migrate to India and investing heave amount for Offshore Software Development purpose. This is one of the main reasons for the remarkable hike in the Indian economy. These companies are also finding the Best Return on their Investment.
The Software Developers that are returning to the Indian soil are also getting warm welcome and better opportunities on the home ground. These people are also considered to be more successful Offshore Software Development companies as they have International Experience. This migration form the people back to India indicates the growth of Indian Economy due to Offshore Software Development services of the country.