Why should we outsource the work to India?

Why should we outsource the work to India?

Outsourcing has become very popular these days because of its several defined benefits and worldwide companies are moving towards this models whether it be IT industry, back office management, call centre services, accounting industry and many more. Not to anyone’s surprise, India has emerged as one of the largest destination for all the outsourcing needs not just by luck but because of its great demographic structure and trade-friendly policies. Let’s look at some of the advantages:

 

Large Pool of Talent

India has huge pool of skilled/semi-skilled professionals which most of the companies in US/UK/ Canada look for. Every year, India produces over 3.1 million graduates and over 300,000 post-graduates. Besides a large number of graduates and post graduates that India produces each year, a large proportion of Indian population is young. Over 50% of India’s population is below 25 years of age and more than 60% of Indians are 15 to 59 years old. India’s young professionals are not only talented, but also creative and innovative. Thus, India offers the perfect recipe for attracting businesses around the world to outsource any project.

 

Costs Saving

These companies can hire such valuable talents at significantly reduced cost. Recent report on outsourcing reveals that, foreign companies save up-to 60% of total cost by outsourcing their work to India. This is because hiring such talent in developed country will cost at least twice as expensive, than hiring in developing country. Apart from the personnel costs, businesses can save a lot on office space and IT infrastructure by outsourcing to India. 

 

Round the Clock Productivity

Outsourcing to India provides the benefit of round the clock service to companies in the US and other western countries because of the time-zone difference. When you are off from your work in the US, remote developers in India are working on your project. Round the clock work cycle boosts productivity and ensures on-time delivery of the project.

 

Government’s supportive Business Policies

The policies of the Indian Government are highly supportive to the export industry. To support the growth of the export of services industries, the government offers tax-related and other benefits. With government’s business policies and Privatisation, businesses in India have access to greatest infrastructure which is vital in outsourcing industry.

All these factors contributing together, make India the hotspot of all outsourcing needs.