Mizera58
An increasing amount of outsourcing contracts from America and Europe are pouring into India on a daily basis. While people elsewhere are having difficulty in finding new jobs, BPO and IT companies in India are having a bonanza. What is the future of this industry?
The recent trends in international business model, has made it obvious that basic innovation and implementation will be in America, Europe, and Japan. Commercial manufacturing will take place primarily in China but also in Eastern Europe, India and some other countries while the back office and customer support will be handed over to India.
India is a popular destination for outsourcing because it has a tremendous quantity of cheap (by international standards) qualified educated English-speaking intelligent work forces. This talent pool is being exploited by companies in the developed world to ensure reduced cost of their goods and services. With labor cost low in countries like India, they are able to play the pricing game which makes it possible to expand and stay in business.
India has recently expanded relentlessly to accommodate the outsourcing mania of western corporations to cut cost by any means. This relentless cost cutting has provided extra cash to America, but it also has made outsourcing countries economically stronger. The trend to outsource to India (http://developmentguruji.com/) is expected to continue unabatedly for a long time to come.
The recent trends in international business model, has made it obvious that basic innovation and implementation will be in America, Europe, and Japan. Commercial manufacturing will take place primarily in China but also in Eastern Europe, India and some other countries while the back office and customer support will be handed over to India.
India is a popular destination for outsourcing because it has a tremendous quantity of cheap (by international standards) qualified educated English-speaking intelligent work forces. This talent pool is being exploited by companies in the developed world to ensure reduced cost of their goods and services. With labor cost low in countries like India, they are able to play the pricing game which makes it possible to expand and stay in business.
India has recently expanded relentlessly to accommodate the outsourcing mania of western corporations to cut cost by any means. This relentless cost cutting has provided extra cash to America, but it also has made outsourcing countries economically stronger. The trend to outsource to India (http://developmentguruji.com/) is expected to continue unabatedly for a long time to come.