| India is now leading in the world for offshore | | | | Countries like Poland, Hungary and the Czech Republic |
| outsourcing i.e. the remote servicing of information | | | | are less attractive for who want highly skilled people. |
| technology (IT) and other business processes India | | | | Among other outsourcing nations only China can |
| based staff. A recent survey says that the estimated | | | | match and come close to India. China is a land with |
| value of outsourcing to India in 2007 was $47.8bn | | | | over 1 billion graduates entering industry each year. |
| (24bn pounds). Expansion is taking place fast and it is | | | | Both India and China are highly dynamic with large |
| predicted that the IT outsourcing industry is growing at | | | | developing economies. The remaining nations are trying |
| about 28% a year. | | | | to match India's strength in global services. India is a |
| This sector has become a very vital for the overall | | | | place where a complete outsourcing contract with |
| economy of India, as it creates growth and brings | | | | broad reaching quality with productivity is achieved. |
| wealth in country. IT, BPO (business process | | | | China is not focusing on becoming the world leader, but |
| outsourcing) and KPO (knowledge process | | | | it creates conditions that make the country the |
| outsourcing) services now account for 5.4% of India's | | | | privileged destination for IT outsourcing. Russia and |
| gross domestic product (GDP). The huge impact is | | | | Brazil are still to catch up. Russia is a talented pool and |
| seen on cities such as Bangalore, as it is the centre of | | | | also offers competitive costs, but lack of government |
| the industry. | | | | support hold them back. |
| India's success in hi-tech services has been unnoticed. | | | | India is a pearl harbor for providing technical support |
| From Mexico to Vietnam, local governments are busy | | | | service. The back office hubs get thousands of calls |
| in creating friendly tax policies, where offshore work is | | | | every night from across the world regarding various |
| free of domestic taxes. But the fact remains that none | | | | queries. The success of Indian BPO Industries resulted |
| of these countries can match the absolute scale of | | | | in the birth of KPO. Along with BPO, KPO is also |
| India. | | | | leading in the outsourcing business. |
| India is a land where more than two million candidates | | | | This is the reason why Indian out sourcing business is |
| graduate every year from various universities. | | | | growing day by day. |