Almost one million people work every day in the outsourcing industry in India. It encompasses services and solutions, mainly of technology information, that has revenue of at least $11 billion every year. Big multinational corporations as British Airways, General Electric and IBM, for instance, have services outsourced in India.
The number of young people graduating from quality technological colleges has been increasing: around 3 million Indians graduate each year from these institutions. They improve the working techniques, skills and knowledge available to the outsourcing industry.
The industry itself is also developing quickly. The sector has been growing 35% per year and India will have revenue of $50 billion in the next years, according to The Financial Express.
What kind of services are multinational companies outsourcing?
The internet has changed everything in the corporative world, so companies which want to be competitive must keep looking for modern solutions. It is useless to invest in an expensive and high-tech technology if you don’t choose the right software or computer program to manage that technology. Truth be told, developing and customizing software is not cheap. Companies worldwide are looking for good solutions to this problem, and many are hiring a software outsourcing company to solve it. Managers and CEOs who want to improve a company’s methods and working ways must adopt now a modern IT strategy.
The number of American and European companies that are looking to outsource their services to India doesn’t stop growing: almost 75% of multinational companies are using some kind of outsourcing service. Bangalore, Hyderabad, and Mumbai are some of the cities that have huge IT parks. In all these cities there are a lot of companies dedicated to developing software for clients that are in other countries. Chandigarh, the cleanest and most modern city in India, has an IT Park for software outsourcing companies looking to achieve those objectives.
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