Indian Outsourcing
Transcript of Indian Outsourcing
Indian outsourcing – the most benefiting Offshore Outsourcing Destination
It all started with voice processes and now more and more services are undertaken by Indian
firms. Indian Outsourcing breached boundaries to become a leader in Offshore Outsourcing in
the entire world. Companies that had taken small processes have now been taking high end
processes that are complex and difficult to be solved.
Services provided for the financial sectors have been on the rise with the sector contributing to
about 40 percent of the Outsourcing businesses of India. Telecom sectors contribute to about
20% of the Indian Outsourcing business. Indian companies are b behind the swifter, easier and
safer transactions of the financial sector.
This trend has given rise to large scale frustration on the part of the countries that are indulged in
Offshore Outsourcing. While companies in the American and European continents opted for
Indian labor due to the affordable cheap cost, job losses were said to be on the rise in the
countries that outsourced their projects to India. At the same time, Indian companies maintain
that outsourcing is not only about labor cost but it is due to the fact that Indian companies have
gained significant expertise in the IT industry.
The ability of the Indian Outsourcing firms to handle high-end processes at lesser cost with
timely delivery and quality in output were said to be the reasons. Indian Outsourcing firms
ensure smoother functioning of the client’s services reducing the risks and increasing the
effectiveness of the services.
Doing high-end services have increased the revenue inflow by almost 8 to 10 times which still is
a cost effective option for the clients due to the complexity involved in these services. Indian
Outsourcing has been reaching new heights and the labor demand is set to increase considerably.
At the same time, India becomes the most preferred offshore outsourcing destination to the
Clients.
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