| India - The Most Preferred and Promising Destination | | | | offshore outsourcing centers. According to the Global |
| for Outsourcing !! | | | | Insight study, from 1998 through 2003 offshore IT |
| By outsourcing one implies the sharing of | | | | software and services, India benefited anywhere |
| organizational control and information with another | | | | from $2.5 billion to $10 billion; the figure is expected |
| organization.Outsourcing is regarded as the latest | | | | to reach $31 billion by 2008. Information technology |
| development in the business world since the 1980's. | | | | jobs have increased to 1 billion lately. India stands to |
| Offshore outsourcing facilitates the effective | | | | have a competitive edge over others as: |
| utilization of the skill set, capital, technology and | | | | - English language skills are more proficient. |
| resources globally at quantifiable cost savings. Since | | | | - Information technical skills are at its prime. |
| 2001, between 400,000 and 600,000 service sector | | | | - Innovative high speed communicative mechanism |
| jobs have moved offshore, according to Goldman | | | | has further encouraged offshore outsourcing. |
| Sachs survey. That number is expected to heighten | | | | - More skilled work force at more competitive rates. |
| in the near future. Forrester Research predicts 3.3 | | | | - Enhances the overall productivity rate. |
| million white-collar jobs will move offshore by 2015. | | | | - Encourages remarkable benefits in terms of on time |
| Virtually anyone can outsource be it a small, medium | | | | delivery, |
| or big business house. Anything related to web | | | | - Better rates of ROI at reasonably lower costs |
| designing, web development, B2B, B2C, | | | | without having to plow in infrastructure as well. |
| manufacturing units to name a few functions that | | | | - Increases the over all efficiency of the business |
| can be outsourced. While outsourcing, we generally | | | | activities. |
| get a competitive edge without investing in | | | | - Flexibility in legal matters. |
| infrastructure. It evolves as the best logical option | | | | As competition among offshore destinations |
| when we tend to loose focus on the main issues | | | | increases and opportunities propagate, the need |
| while getting tied down by the necessary minor | | | | arises for CEOs to reflect on issues ranging from |
| business facts. Countries with a competitive | | | | geological risks of compensation costs to quantity |
| advantage are the best outsourcing destinations such | | | | and quality of human resource expertise for |
| as China, India, Malaysia, Singapore, Czech Republic, | | | | maintaining goodwill in the long run. When outsourcing, |
| Philippines, Brazil, Canada, Chile, Poland, Argentina, and | | | | time is the essence and discretion the flavor for |
| Kenya to name a few. | | | | mutual benefits for both the partners involved. |
| India is one of the promising destinations for today's | | | | However every coin has two sides. |