Outsource Business Services to India
Outsource Business Services to India
In a recent survey it is found that 80% of European and US companies ranked India number one for their outsourcing destination. The National Association of Software & Service Companies (NASSCOM) also reported that more than 50% of Fortune 500 Companies prefer to outsource their software development to India. Even though many other countries like China, Mexico, Ireland, Philippines etc. emerged as major competitors but India manage to outperform and emerge as top outsourcing destination. Major factors which lead this tremendous growth are
1. India has a vast pool of skilled, talented and creative human resources.
2. India provides significant cost savings to companies because of wide gaps between human resources cost in India and developed countries. Pricing flexibility allows companies freedom and creativity to manage their budgets and increase their profitability. Cost factor plays huge role in outsourcing.
3. Consistently high quality provided by Indian outsourcing firms lead India as top outsourcing destination. Initially companies choose India to save costs but the stay in India for speed and quality.
4. Indian outsourcing companies are able to provide the quickest time-to-market because of time zone differences. Around 9-12 hours’ time difference giving companies a 24 hours’ work environment, leading to greater efficiency, increased productivity and more time to focus on other crucial tasks. Time zone differences allow businesses to serve their clients with flexible business hours, attracting more customers.
5. Fast developing infrastructure and technological capabilities also plays a major role for Indian IT outsourcing industry continuing to experience a tremendous growth.
6. A stable and pro IT Government support Indian outsourcing industry. Government policies are helpful in improving infrastructure and communications systems.
India continues to remain the world's favourite for outsourcing. India has gained global confidence with major players such as Cisco, Oracle and HP opting India because they are confident about the superior talent, quality results, fast turnaround times and low costs. India also holds 65% of the global offshore outsourcing BPO market, making it the dominant leader in providing outsourcing services.
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