Scattered throughout India are the big, modern, comfortable cities of well over a million populations each. India has about 70 cities of over 100,000, and many lesser towns. About 85 percent of the people live in 560,000 little villages which are for the most part completely primitive, many with no running water, sewage systems, or paved roads.
But today, it appears that India rules the world when it comes to offshoring. Actually, offshoring to low-cost places like India may have been perceived as the key reason for job losses in the Western world, but it is generally internal restructuring that is behind the falling employment rate at European banks.
However, India still maintains its position as a major offshore destination, mainly because of its large pool of cost-effective, educated and English-speaking workers. If truth be told, the root of “offshoring” is “cost” and better operating margins for the companies’ offshoring to India, China or any other country. But “cost” and “predictable & consistent quality” would be more like it.
Believe it or not, India has an edge because you have well-brought-up quality English speaking people who are willing to do routine work or “grunt work” at a highly competitive price. As long as it maintains that edge, remains consistent and predictable, India has a place as the software backyard and the back office of the world. A huge IT manpower pool and dominance of English in higher education system only helps to build India as a preferred choice for “offshoring”.
The reason why India is able to have such consistent offshoring workforce is because of its fantastic manpower. As a matter of fact, Indian programmers and web developers are one of the finest in the world. For this reason, India is the world’s leading offshore services location.
India, closely followed by China, continues to lead the IT and software industry in the world by a wide margin, with declines in cost advantage offset by further improvements in talent supply and business environment.
Following are the key factors that contribute to India’s position as a preferred destination for offshore outsourcing:
- Availability of large talent pool
- Low cost
- Fast turnaround time
When you come right down to it, offshoring job in India is endless given that the world is now becoming a global village. For sure, India is here to stay.
These pointers tend to be thus correct