India: The World’s Prominent IT And Outsourcing Focal Point

India is undoubtedly a world leader in outsourcing. Its IT supremacy has reached overseas shores, with the government deserving appreciation for having supported the focus on various fields like education, information technology, sciences, etc.

These intensive efforts by the government on the education sector, and the industries combined have paid off. “India today has not only projected itself to IT prominence, with Bangalore named as Silicon Valley, it also acquired the faith of Fortune’s top corporations over other outsourcing locations.”

Today, India is experiencing a boom in employment generation, in both domestic and foreign markets. India provides three major outsourcing services to clients:
• Financing,
• Human Resource and
• Customer Service

The outsourcing sector contributes an amazing growth of 90% in the country’s revenue for the fiscal year 2006-2007. Maintaining its lead over other outsourcing target in the world, India is now targeting its sights on other industry like pharmaceutical with an estimated strength of over $17 billion worldwide, followed by legal services.

“The prospect looks superior for both pharmaceutical and legal services with a projected growth of at-least $50 billion worldwide for the next five years, and legal services registering $6 billion by the same number of years”.

Today, it has refined its approach to produce more offshore clients, as it is visualizing on elevating the nation as the “world’s prominent IT and outsourcing center”.

By Rohith R R