Why Outsource to India?
In a recent survey, 80% of European and US outsourcing firms ranked India as their number one outsourcing destination. The National Association of Software & Service Companies (NASSCOM) also reported that almost half of all Fortune 500 companies choose to outsource software development to Indian outsourcing firms. Even though many other countries (including China, Mexico, Ireland and the Philippines) have emerged as major competitors, India has managed to outmaneuver all others and emerge as the top outsourcing destination. Read our well researched article on - Preferred Outsourcing Destination - India or Philippines, to know how India fares in comparison to Philippines. Major differentiators such as certain favorable government policies, fast-developing infrastructure, and an immensely talented work force are responsible for the Indian IT outsourcing industry continuing to experience a tremendous growth rate of 25–30% per year.
INDIA HAS THE LARGEST TECHNICAL AND PROFESSIONAL TALENT POOL IN THE WORLD
India remains unmatched when it comes to its vast pool of skilled and talented human resources. The country has a population of over 1.2 billion people and around 3.1 million graduates are added to the workforce each year. India also holds the distinction of being the largest English speaking nation in the world, larger even than the US and UK combined. Apart from the vast numbers, is the quality of talent that attracts companies wishing to outsource. "The attraction of India for us was not only numbers but, more importantly, the quality of the talent. We've taken on people who are innovative and creative and can really contribute to the business," says Tom Hyde, STI Upstream business manager (Shell), on why their company choose India among other countries for their outsourcing needs.
INDIA PROVIDES CONSISTENT HIGH QUALITY SERVICES AT LOW COST
While the cost factor plays a huge role in outsourcing, the consistently high quality provided by Indian outsourcing firms has also enabled India to remain as the top outsourcing destination. The National Outsourcing Association (NOA), in its Annual Offshore Outsourcing Conference, reflected on the trend commonly seen among International companies who choose India as their preferred outsourcing destination. "Cost reduction was only part of the reason that companies were considering offshore outsourcing, there were benefits to be had in time-to-market and quality, leading to an adage that companies initially chose India to save costs but stayed for the speed and quality!"
INDIA OFFERS FLEXIBLE PRICING OPTIONS THATS SUITS TO CLIENTS
The number one reason why India remains a top outsourcing provider is due to the significant cost savings that companies can achieve. This is mainly because of the wide gap that exists between personnel costs in India and that of the developed countries. For example, a good developer in the U.S. can cost anywhere from $50 to $80 an hour (for a full-time staffer depending on skills and experience). In comparison, the hourly cost of a developer in India can be negotiated down to as low as $15 per hour. This pricing flexibility allows companies the freedom and creativity in managing their budget and helps them reap large profits. You can raech us at Info@theconcov.com for your CADD realted requirements