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| Why is India the World’s favorite Outsourcing Destination?India alone commands 65% of the world’s BPO offshore outsourcing market. For one country to alone hold such a significant share of the outsourcing market is certainly a reflection of India’s dominance in this industry.
With a population of nearly one billion people and 3.1 million graduates per year, India has the largest pool of technical skills in the world. With such a skilled workforce it is easy for outsourcing companies to find the talented employees they require at affordable rates. Additionally, India is a “one stop outsourcing destination.” China is the only other country which comes even remotely close to India in terms of numbers. However, China is not considered an outsourcing competitor to India because professionals in China unlike India do not speak English. “The attraction of India for us was not only numbers but, more importantly, the quality of the talent. We've taken on people who are innovative and creative and can really contribute to the business.” Tom Hyde, STI Upstream business manager, Shell. • India the worlds largest English Speaking Nation: With 350 million people speaking English, India is the world’s largest English speaking nation. India has more English speakers than the US and UK combined. India was a colony of the British Empire until the year of 1947. As a result of colonialism, English is taught in school at a very early age. Many Indians speak English as their first language or at least on par with the national language of Hindi. The significance of English in India is very notable e.g. road signs are marked in both Hindi and English, legal court cases are tried in English etc… This is one of the key aspects as to why India is the world’s number one outsourcing destination. Outsourcing to a country with a large number of fluent English speakers is paramount. • Outsourcing Statistics/Figures don’t lie: India alone commands 65% of the world’s BPO offshore outsourcing market. For one country to alone hold such a significant share of the outsourcing market is certainly a reflection of India’s dominance in this industry. Furthermore, 80% of US and European outsourcing firms ranked India as their number one outsourcing destination. • Infrastructure, technology and communication links 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. • Global Confidence: When companies such as Cisco, Oracle or Hewlett Packard outsource to India they do so because they are confident they will have access to talent, quality results, fast turn around times and low costs. That so many multi-billion dollar companies outsource to India is yet further evidence that India is renowned around the world as the outsourcing hub of the world. “We believe that India is the hub of the world where the ICT sector is concerned,” said Mr Elfrink, (Cisco Systems) following a $1.1 billion outsourcing investment in India. • Fast Turn Around Time (TAT): India holds an edge as it commands global confidence to produce 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. • Not just Low cost but also High Quality: “Cost reduction was only part of the reason that companies were considering offshore outsourcing, there were benefits to be had in time-to-market and quality, leading to an adage that companies initially chose India to save costs but stayed for the speed and quality!” (National Outsourcing Association (NOA)). Google's announcement about setting up an R&D center in India, reportedly selecting only graduates of the nation's top schools to be considered for employment. The company's move reflects the mindset that outsourcing to India is not just about low cost but also about Indian's vast talent pool. • India to become the first developed nation by using brain power alone? India had a GDP growth rate of 9% for the fiscal year of 2007-2008. If India can maintain this rate of growth (which it has done for the past several years), India will be the first developing nation that used its brainpower, not natural resources or the raw muscle of factory labor, as the catalyst. This is a tribute and reflection of India’s huge educated talent pool and thus why companies choose India when outsourcing. # # # VirtualEmployee.com is a USA based Outsourcing company with delivery offices located in India. By hiring our expert virtual employees, one receives distinguished and talented professionals at significantly low cost. Comparing to USA based providers, we are highly cost effective and the price starts from $895 a month for full time professionals in every field With VirtualEmployee.com you can outsource to India any office work in any field for $895/£495/ €645 a month (Typical Cost). From specialist to non-technical positions with VirtualEmployee.com you can outsource any office work in any field e.g. Programming, Law, Accounts, Engineering, Data Entry, Virtual Assistants, Call center Agents…etc Website: http://www.virtualemployee.com/ End
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