Is outsourcing to India fruitful? Is Obama making right move on finance?
Outsourcing is the latest trend to increase your profits, productivity, level of quality, business value, business performance and much more. There are many number of countries to involve in the game of outsourcing, India is undoubtedly one of the most suitable IT Outsourcing destinations which offers cost effective solutions. Indian service providers (ISPs) not only offer cost effective solutions, but also value addition by improving productivity and quality.
Here are the reasons why India is ahead in outsourcing than other countries.
1.Information Technology is one of the booming industries in India.
2.India exports software to 95 countries around the world.
3.ISPs offer complete range of IT services.
4.Indian companies with their high technical skills are able to deliver high-quality services on time.
5.Memberships in International and Regional Associations.
6.Establish long-term, strategic relationships with world-class service providers to gain a competitive edge.
In US, elected President Barack Obama on Wednesday said while America cannot “shy away” from globalization, it would have to take measures to ensure that jobs are not shipped overseas.
“We have to stop providing tax breaks for companies that are shipping jobs overseas and give those tax breaks to companies that are investing here in the United States of America” ( source: http://www.rediff.com/money/2008/feb/27bpo.htm ).
Through outsourcing, India creates additional net value for the US economy that did not exist before. When $1 of labor cost is outsourced from the US, the total value created globally is $1.45 to $1.47. Out of this, India captures just 33 cents. The remaining $1.12 to $1.14 is captured by the US in terms of new revenues.
Today, the world looks towards the Indian IT software and services industry for its good quality and high performance. India has and will continue to have a growing number of vendors successfully for working on the most sophisticated projects in the world.