India has emerged as the favorite outsourcing destination for companies planning to shift their business processes outside. There can be many advantages of outsourcing to India, cost benefits and vast IT talent pool are just two! However, you need to be completely informed before outsourcing to India and this write-up covers everything you might want to know.
There was a recent survey stating that 80% of firms in Europe and the US choose India over any other country for their outsourcing requirement. Another report by Korn Ferry study states that India will have 1 million surplus skilled tech workers and will become the technology leader by 2030. This will be in a time when the majority of the companies would be facing the challenge of talent crunch.
Although other countries like China, the Philippines, Ireland, Ukraine, and Mexico are giving tough competition to India, the country remains to be the most preferred outsourcing destination. If you are also planning to outsource software development to India or have been outsourcing to the country for some time, here is a complete guide covering everything you need to know about outsourcing to India.
What Is Outsourcing?
There are several questions that you might have in mind when we talk about outsourcing to India. However, for beginners, the first question would be to know the true meaning of outsourcing.