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No discussion on outsourcing can be complete without the mention of India. Over the past couple of decades, India has firmly established its position as the numero uno player in the outsourcing domain. One just has to look around at the number of outsourcing companies that have mushroomed all over the country, especially in the established hubs of excellence in the nation.
It all started with the Business Process Outsourcing (BPO) and then medical transcription outsourcing. The resounding success of both ventures put the spotlight on Indian professionals who were not just a low-cost human resource, but who were also extremely good at what they did.
Why is India the most sought after destination for global outsourcing? Why is there such a spurt in the growth of outsourcing companies in India? Statistics don't lie. And these statistics are impressive. - India has a population that is nudging one billion people and around 3.1 million graduates enter the job market each year, making India the largest pool of technical skills in the world. Such a skilled workforce attracts outsourcing companies and gives them the assurance that they will find the talented employees they require at affordable rates.
- Thanks to its professionals who come from every in-demand field today, India can easily accommodate all the outsourcing requirements of a company. Companies can outsource to India IT and software, engineering, accounts, law, graphics design, marketing, HR, data entry, content writing and much else. India caters for a lot more than just call centers or medical transcription.
- India is also the second largest English-speaking nation after the US, a huge factor in its favour and what makes it score over other outsourcing players in the domain. With the language barrier taken care of, companies in the English-speaking developed world feel confident of outsourcing their projects to Indians.
- India has excellent international data communication links and internet access in major cities. With the Indian economy rapidly growing, the Indian government has invested heavily in infrastructure, technology and communication links. With significant support from the government, India has been able to build high-tech areas where technology and infrastructure are of international standards.
- India has accomplished an enviable reputation of producing perfect Turn Around Time (TAT), a recent study by recruitment solutions provided Elixier solutions shows. TAT is the time needed for performing a task, especially receiving, completing and returning an assignment. This has, in turn, inspired global confidence in the capabilities of its outsourcing vendors.
With so many factors all in its favour, it is no wonder that India continues to enjoy its undisputed monopoly in the outsourcing domain. Daya Mukherjee is a Senior Content Writer and Editor working for a Remote Staffing Outsourcing company in India. You can find out more information by visiting our Outsourcing Services, Outsource to India Web sites and Our IT Outsourcing Services Blog.
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