High quality Indian talent is in great demand in the outsourcing industry. This is not just an empty claim but fortified by the results of a study conducted by GILD, a professional social network for working professionals in the technology industry. The study analyzed the findings of over 1 million tests taken by nearly 500,000 US and Indian developers. The two groups were compared in key programming and communication skills. The results showed that Indians outscored their American counterparts in the twin fields of mathematics and logic - two of the core skills desired by US technology companies such as Oracle, Salesforce, and eBay (as reported in The Economic Times, July 2011). |
Today, the outsourcing industry is witnessing a growth like none other. It is widening its scope and becoming more complex as an increasing number of work functions – hitherto considered 'not outsourcable' – are also joining the queue. And India is right on the top of the heap, where all the outsourcing action is! The sub-continent continues to dominate the outsourcing industry, thanks to an array of powerful advantages stacked in its favour.
1.With a population of more than 1 billion (and counting), and with approximately 3.1 million graduates entering the job market every year, India offers a huge talent pool of some of the most highly talented and skilled professionals in fields ranging from IT and software development, medicine, law, accounting, graphic designing, writing and many more. Foreign companies can pick and choose the best talent.
2.Not only are Indians extremely talented in fields that are in hot demand in outsourcing (data entry, software and web development, medical transcription, legal work, accounting), they are eminently affordable as well. Even though the rupee is slowly becoming strong, it is still more cost-effective for a company in the US, UK or Europe to hire Indian virtual employees.
3.Education and proficiency in English is one of the top priorities for the average middle-class Indian household – the largest segment of Indian society. It is from this segment that emerge the maximum number of engineers, doctors, lawyers and techno wizards. Several states have achieved a hundred percent literacy or at least very high double figures, reaffirming that getting an education is among the top goals for Indians. 4.Bill Gates has called India an 'IT super power' on more than one occasion, entering into major alliances with top Indian IT companies like Wipro and Infosys to develop applications on the .Net platform
5.Indian-Americans run more than 750 companies in America's Silicon Valley
6.80% of US and European outsourcing firms ranked India as their number one outsourcing destination
Many top companies across the world offshore to India KPO (Knowledge Process Outsourcing) to save costs, and attain a competitive edge in their business. India's KPO market is forecast to grow by 25-30 per cent annually till 2013—driven by rising demand for professional services, as per global research firm Gartner. Professionals are armed with MBA degrees as well as degrees in other non-technical fields such as medicine, engineering, design or other specialist business skills.
The CEO of global software major, Tata Consultancy Services, N Chandrasekharan recently said, "The demand for IT outsourcing in the US, which is the largest export market for India, was growing and much better than in 2010…We are targeting $1 billion revenue over the next five years from non-linear growth by offering new products and services to SMEs and business process outsourcing (BPO) sector." As long as India continues to produce educated, talented and qualified professionals, there will always be a high demand for Indians in the outsourcing industry.
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