Outsourcing Capital of The World - INDIA ... 2006! # Why Software Outsourcing to India?
India has emerged as one of the most favoured Software outsourcing destinations for all the leading IT global players. Anywhere from one-half to two-thirds of all Fortune 500 companies are already outsourcing to India.
Let's see what the consultancy firms say on outsourcing to India:
Giga predicts: "Compared to other competing countries such as China, Ireland, Israel, and the Philippines, India will continue to dominate as the preferred offshore country."
Forrester Research indicates: "By 2003, a large number of companies will engage offshore providers and their budgets too will grow rapidly. According to a study conducted by Forrester, India's edge over other competing nations in the IT outsourcing business is based on the country's decade old experience in this area, fluency in the English language, supportive Government policy infrastructure, and high quality offerings."
# How Software Outsourcing to India Helps MNCs:
Outsourcing as a percentage of global companies' budgets is expected to increase from 30% in '02 to 40% in '04 in general and to 50% particularly in the case of software companies. The worldwide expenditure on outsourcing services is expected to reach $151 billions by 2003. Corporate giants in the United States, Europe, and Japan prefer India for cost-effective and high-quality software solutions. According to National Association for Software and Services Companies (NASSCOM), outsourcing industry is heading to $1.2 trillion by 2006. And India, as one of the biggest outsourcers, is likely to gain the most out of it.
Outsourcing in India is providing effective business solution to the MNC. Software Outsourcing helps MNCs to:
* Cut application development and maintenance costs
* Deal effectively with the peaks and valleys of software demands, and
* Focus on more strategic work
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