"India is the dominant offshore player with more than $4 billion export industry that is strongly supported by government initiatives. Today, there are 4,00,000 IT professionals employed in software export endeavours, with 60,000 to 70,000 new IT professionals entering the workforce each year. Indian companies have been committed to high quality in their endeavors. Major benefits of Indian companies include familiarity with English, strong engineering schools, attention to quality, government encouragement and application outsourcing services provided offshore or onshore."
Outsourcing to India offers a multitude of advantages as listed below
- Enormous Cost Savings
The cost of production in India is significantly lower than that in US and Europe. The benefits of the lower production costs are passed on to the clients to enable them to benefit from huge cost savings.
- Skilled Professionals
India has a pool of highly skilled English speaking software professionals with exposure to developing enterprise applications.
- Time Zone
The 12-hour time difference between the US and India results in an effective work time of 24 hours. This leads to faster development times and reduction in Time to Market.
- Release Resources
The outsourcing company is able to release its internal resources for more critical business functions and in the process also save on recruitment costs.
- Peak Time Benefits
During periods of temporary peaks, the outsourcing company can avoid new recruitment and outsource assignments at lower costs to India