| India's share of the global offshore software | | | | this economic structure is the political, cultural and |
| development market is nearly about 44%. India | | | | educational infrastructure India has developed over last |
| exported IT and ITeS services worth more than | | | | 60 years. |
| $40bn in the year ended March 2008, a rise of nearly | | | | The government of India has enabled an ecosystem |
| 20.65% over the previous year. STPI director general, | | | | including policies and political environment, which has |
| N Krishnan, said the all-India tentative IT/ITeS exports | | | | been helpful in improving the infrastructure as well as |
| stood at Rs 2,04,662 crore in 2008-09 as against Rs | | | | communication required for offshore software |
| 1,80,155 crore in the previous year, registering a growth | | | | development services. The government has been a |
| of 20.65 per cent. | | | | great supporter for software firms by providing the |
| In today’s competitive world, the offshore model is | | | | basic infrastructure required for an outsourcing |
| viewed as more than just a TCO (total cost of | | | | company to thrive thus playing a major role in |
| ownership) factor. It enables companies to excel at | | | | contributing to the success and well-being of IT |
| their core competencies while delegating/outsourcing | | | | outsourcing to India. |
| the other non-core aspects of the business to an | | | | On the cultural level, being a democratic and tolerant |
| outsourcing partner. The offshore, outsourcing model | | | | culture; Indian social framework has inculcated the |
| truly enables an ecosystem where everybody wins | | | | basic ingredients required to provide effective services. |
| including the company, outsourcing vendor and most | | | | As the base of Indian society is primarily based on |
| importantly, the customer. | | | | co-existence with others, it’s natural when it comes |
| Besides cost savings, other benefits include forming | | | | to extending services to companies all over the world. |
| virtual teams with exceptional portfolio of workers | | | | On the educational aspect, India has huge reserves of |
| from around the globe; ability to operate a business | | | | highly qualified and English speaking workforce with |
| network with surety of maintaining the compliance of | | | | minimum education as bachelors and masters. The IT |
| set standards; increased productivity as a result of | | | | professionals are highly skilled and qualified in their |
| having focused professionals working for a | | | | respective streams. Some of the Indian universities are |
| considerably lesser payout; and saving up on logistics, | | | | ranked among the top schools in the world. |
| infrastructure, taxations, specialized resources and | | | | With the internal market booming and the very |
| management manpower and costs. | | | | favorable environment for offshore, outsourcing |
| What makes India different? India is the only | | | | software development services; Indian software and |
| developing nation in the world whose economy’s | | | | BPO segment is expected to grow at a rate of more |
| structure is similar to a developed economy structure. | | | | than 16 per cent to become a 132 billion-dollar industry |
| India generates 52% of GDP from services and | | | | by 2012. |
| that’s quite a unique thing. The primary reasons for | | | | |