Nowadays, with the fostering technological, social and political advancements in the entire world, India has also retained several reasons to smile. The redundancy and passive nature of Indian Economy has become a matter of past and the involvement of Information Technology, Globalization and Liberalization practices are not only structuring, but also boosting and accelerating its pace of growth and development.
Indian IT segment is booming with ITES and BPO services that are driving the country into the leading center place of change. The boom in the IT and outsourcing industry in India is the result of the liberalization practices in Indian Telecom Sector since year 1994. Now, India has become the major platform for outsourcing services to the global clientele and is dominating the entire world through its professional, skilled workforce at reasonable cost.
Indian Economy is generating significant revenues throughoffshore clients. Indian Industry encompasses Human Resource Outsourcing, Designing, Testing, Accounting, Manufacturing, and Information Technology depending upon the high-grade business and outsourcing models accepted worldwide.
According to a recent survey by an Investment Consultancy Firm, McKinsey & Co, the global outsourcing industry would worth more than US $180 billion, by the end of 2010 and India will continue to remain the top most of all leading outsourcing countries of the world. Of course, 2009 was a dull year with respect to economic development and growth for the world due to the global slowdown; however, the outsourcing industry has again stabilized on its feet.
India involves around 25-30% of the Global Outsourcing Business that is expected to rise significantly in the coming years. With the reduced cost tactics by the Indian Outsourcing Companies becoming successful to draw the interest of more and more customers to the country along with the assurance of returning maximum output from their investments.
Another feature about the Indian Outsourcing Firms that attracts the Global World is the honesty and loyal nature of the participants. The absolute customer satisfaction and advanced efforts are giving a stable base to their outsourcing business along with their continuous participation in the countrys economic growth.
Indian IT segment is booming with ITES and BPO services that are driving the country into the leading center place of change. The boom in the IT and outsourcing industry in India is the result of the liberalization practices in Indian Telecom Sector since year 1994. Now, India has become the major platform for outsourcing services to the global clientele and is dominating the entire world through its professional, skilled workforce at reasonable cost.
Indian Economy is generating significant revenues through
Related Coverage
- Outsourcing - Retailing in a Tough Economy
- Indian Economy and Foreign Investments
- Growth in Indian LPO Industry
- Indian Economy, Real Estate and Property
How is your retailing business faring in this tough economy? Are you spending more on your IT department, just trying to keep up with burgeoning technologies, than on your merchandising and marketing departments?
The Indian economy has crossed a significant landmark with the SENSEX crossing the 20, 000 mark in September 2010, majorly due to high influx of foreign institutional investors (FIIs) investing in India.
The current global recession, business mergers and acquisition, and bankruptcy filings have accelerated the growth of LPO (Legal Process Outsourcing) in India. There has been a sizeable uptrend in the LPO industry since the downfall of the US economy.
Steadily and surely growing as an economic power to reckon with, India is now in constant need for better infrastructure to maintain its development. This urge for development and a commendable recovery from the effects of the recent economic meltdown in quick time have kept the property and real estate sector in India really alive and kicking. As the Indian economy keeps growing at an impressive rate even in the face of all odds, there is a great demand for both residential and commercial properties. So much so that an increasing number of big investors have begun to explore this sector giving rise to a healthy competition that is only going to benefit consumers. As sectors like information technology (IT), retail and services continue their upward growth, the demand for property and real estate in India is likely to go up even higher. According to a recent projection, the IT sector alone might need 150 million sq. ft. of space to cater its operations across India in the next year or so.
According to a recent survey by an Investment Consultancy Firm, McKinsey & Co, the global outsourcing industry would worth more than US $180 billion, by the end of 2010 and India will continue to remain the top most of all leading outsourcing countries of the world. Of course, 2009 was a dull year with respect to economic development and growth for the world due to the global slowdown; however, the outsourcing industry has again stabilized on its feet.
India involves around 25-30% of the Global Outsourcing Business that is expected to rise significantly in the coming years. With the reduced cost tactics by the Indian Outsourcing Companies becoming successful to draw the interest of more and more customers to the country along with the assurance of returning maximum output from their investments.
Another feature about the Indian Outsourcing Firms that attracts the Global World is the honesty and loyal nature of the participants. The absolute customer satisfaction and advanced efforts are giving a stable base to their outsourcing business along with their continuous participation in the countrys economic growth.
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