India continues to be the preferred outsourcing target globally
What made India retain its ace position in the list of World’s favorite Outsourcing Destination? Or before that what is the criterion to become world’s favorite in outsourcing category? The answer is Turn Around Time (TAT). It is the desired time-span to meet the assigned requirement starting from receiving, implementing and giving back the finished product.
Besides evolving cost-friendly destinations and whopping unfavorable pressure of the employee-salary segment, India still enjoys the reputation of being the first choice to serve the outsourcing demand of corporate world globally. With an annual growth rate of 40%, India leads the outsourcing industry by being the obvious choice of the industrialists followed by China rising at growth rate of 25%.
Elixier Solutions’ Partner, Vipul Prakash believes it is the availability of resources in India that is enabling it to deliver outsourcing trade more than four-times than any other nation. Experts are hopeful about the bright future of the industry and estimate the present $1,000 billion market to reach $1.43 trillion by 2009 end.
The study also finds out that the much-available resources and prospects in the market are an invitation for other countries viz. Philippines, Vietnam, Romania, Kenya, Sri Lanka and North America market to try their hand in this business.
Tags: China, Growth, india, Indians, News, outsourcing, Technology, World