Outsourcing in India has increased by leaps and bounds in the recent years. More and more big as well as small corporations are outsourcing their low end as well as high end services to India owing to the relative benefits involved in terms of cheap labor, better infrastructure.
India's natural resources lie in its abundant technically skilled manpower. India is the world's second largest exporter of software (after the U.S.), and is the source of management and technical talent for over 40 per cent of new start-ups in Silicon Valley. Thanks to its large English-speaking scientific and higher education institutions, specialist computer institutes, and low costs of software talent, India has more software companies than any other country in the world.
Benefits of outsourcing in India
- Availability of cheap and efficient workforce
- Large pool of computer literate and English speaking professionals
- Well recognized Information technology skills
- Better infrastructure in terms of communications - Reliable satellite and submarine communication links facilitate good broadband connectivity with the rest of the world.
- Investor friendly laws
These are the factors that make India stand out of the rest as one of the best destinations to outsource services.
According to the National Association of Software & Service Companies, India is set to become the software giant of the new Millennium. Furthermore, a World Bank funded study in the United States confirmed that vendors rated India as their number one choice for outsourcing.
The U.S. and India have an average 12-hour time zone difference, but this kind of use of datacom can provide a virtual 24-hour office to a client in the U.S. Lately, this concept has worked wonders for large projects and also for projects involving remote software maintenance using video conferencing. Offshore projects mean immense time and cost savings.