Is oursourcing to India still benefits India?

Answer 1

Why is India still the hottest outsourcing destination?
India holds a share of 44 % of the global offshore outsourcing market for software and back-office services. You might be wondering how and why India is the most preferred outsourcing destination. Is it just hype? Or are there any valid reasons to it? Let’s try to find out.
Why has India been the first choice of an outsourcing destination?
India is a near synonym to outsourcing. India enjoys the confidence of major corporates of the world and today has more than 95 countries outsourcing their work to her. More than 82% of American companies grade India as their first choice for software outsourcing.

Everything worked well with India; the time she opened up her markets, the time computers came into India, the growth of technical expertise and the generation of expert IT & ITES professionals. And most of all, the population! India has the largest pool of software talent, IT & ITES professionals, and graduates. Not to forget their English speaking capabilities.
What is India’s Value Proposition?
We can state a thousand odd reasons as to why you should outsource. But the most important reason will always be “Cost Benefits”. The value proposition that India has is that you get high quality expertise at low costs. Why would you not choose outsourcing to India if you get 40% savings without having to make a compromise on quality?
Still, why India?
If today India is the most sought after outsourcing destination, the reasons are:

* India’s growing market and conducive business environment
* Biggest pool of IT brains with 120,000 trained IT professionals added to the industry yearly.
* Every year approximately 2.1 million graduates pass out of India's colleges
* Commendable work ethics practiced by Indian companies
* India has the largest English speaking population
* Cultural compatibility and friendly customer relationships
* Cost efficiency with quality
* Manpower and infrastructure
* Innovation and creativity along with intelligent solutions

Why is India preferred over China or other outsourcing destinations?
Nasscom says “25 percent of engineers in India have the basic skills for offshore IT jobs, compared to 10 percent each in China and Russia”. Apart from cost benefits and technical expertise there certain significant factors which have and will continue to influence the world’s choice of India for Outsourcing.

* Political stability
* Favorable governmental policies
* Stable democratic government
* Mature legal system
* International reputation as a responsible nation
* Existence of h3 Regulatory Authorities to ensure security like NASSCOM

These are among those core positives which has made outsourcers come back to India with their work.
Will India sustain this growth in the future?
As Gartner says, India is still “head and shoulders ahead of its competition”. Market experts and researchers say that India will continue to rule the market. Gartner predicts India will continue to enjoy the lion's share of global offshore spending on IT services, which would be over $50bn by 2007. But yes, she will have to face challenges in the future:

* China is emerging as India’s major competitor in outsourcing
* There is a fear that the offshore industry in India will see the maturity stage soon
* There is a slight increase in the wage costs in India compared to China, Philippines etc.

India’s economy is growing at a rate of 7-8% a year. As the outsourcing industry is contributing more and more to the economic growth of India, you will also reap the benefits of increased efficiency and quality of Indian services.

Answer 2

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Answer 3

I believe so... It helps India with tax money. it helps the company with cheaper labor. It helps the individual to get a good paying job.

Answer 4

Software Development and IT Outsourcing Services in India

Drawn to the allure of India's considerable talent pool, many companies across the USA outsource software development and maintenance projects to Indian companies. India has quietly built a reputation for itself as a global outsourcing leader for the US companies.

Indian outsourced IT services to add $ 50 Billion in 2013

India has built a reputation for itself in software development outsourcing space a decade ago. Indian software companies have kept pace with the changing IT needs and have evolved from a low cost outsourced IT service provider status to a value driven service provider status. Not to mention, IT industry is worth $100 Billion in India. Enthused by the renewed wave of reforms, Indian offshore software development and maintenance companies are bullish to expand the market size by focusing on the changing client's preferences and leveraging their past experiences to provide business driven software applications. Select bellwether companies like TCS, Infosys, and Wipro are changing the software development landscape and IT sector in India. Drawing cheers from a $ 100 billion sector, many small and medium size software companies have sprung up across the country and have started providing outsourced IT services tweaked to business and regional needs. Indian software development outsourcing is expected to add an additional 50$ billion in 2013, in contrast to the year 2012 which kept it from reaching its full potential due to lack of IT reforms and political gridlock. Reflecting this upbeat outlook, India is all set to emerge as a mark of the true IT outsourcing powerhouse.

Top companies in the US, UK and European countries from the majority bloc of clients in the Indian software outsourcing industry due to the favored factors of flexible policies, well equipped infrastructure and rationally priced skilled labors who are fluent in English. Another factor that makes India a leader in software development outsourcing is its ability to launch products quickly in the market due to the 12 hour time zone difference. India has the largest pool of English speaking people which gives India an edge over other offshore destinations.

Offshore Software Development in India - Services Supporting facts

• India is all set to grow at 6% in 2013 and is expected to match China's growth rate by 2015.
• The 12 hour time difference between India and USA gives India an edge by helping companies reduce time to market
• India launched "Information Technology Rules 2011", which defined what would constitute "Sensitive Personal Data or Information", laid down various obligations on the data collector and data processor, and defined reasonable security exercise and procedures in India
• As for China, the lack of IPR protection remains a key concern of foreign R&D investors, resulting in difficulties of entry into the Chinese market
• In Indian law, the supplier holds the copyright interest in the software developed by it but the Indian law also provides the obligation of the copyright interest by the service provider in favor of the client, by entering into a discrete assignment agreement
• The client may want to transfer certain technology for the execution of the outsourcing project. In Indian law, licensing of technology is permitted through the "automatic route" as long as the royalty and license fee payment provisions are in compliance with the RBI guidelines