Indian BPO industry

India leading the world in the BPO sector with its knowledge heads proving to be the best destination in the world for outsourcing.

BPO is been established in this country a decade ago to bring cost advantage, generate economies of scale and intellectual arbitrage. Visionaries are happy today that what they dreamed has proved and saved the world to a greater extent.

What made India the destination?

Economic Indicators

What companies look for in selecting an offshore location is the economics of the destination? India with a GDP of 9 to 10% proved to be the emerging economy for any company to kick start their operations. In the deepest recession visible in 2008 due to global financial crisis, India showing resilience to this and growing at 8 to 9% annually is a practical example of why India is ahead of other countries as Outsourcing destination.

Geographical Indicators

Indian placed in the safe geographies of the world with decent climate has been an attractive place to live and work. There has been a limited scope for natural calamities in India compared to the rest of the world.

Knowledge indicators

With knowledge pool of 500 million and strong education system proved India to be the destination for the future business place. Indians are present everywhere and there list is countless in fortune 500 companies. Today India has more SME (subject matter expertise) then anywhere in the world.

Employee costs

India with a rich knowledge pool and cost advantage as always proved to the destination for intellectual arbitrage.

Language Skills

English part of the curriculum and the medium in Indian schools helped India maintain an edge over the other Asian and Latin American countries.

Politics

Governments in India have always provided a stable ruling and investor friendly climate to attract overseas investments. The government has developed several SEZ (special economic zones), I.T parks, Regulating authorities, Employment societies, infrastructure initiatives and education programs.

Job Trends In India Market

With the global meltdown and fall in the financial markets the biggest hit are the emerging countries like India, Brazil and Russia. India been home for the software engineers is finding hard to create more jobs for its young pass outs from thousands of engineering colleges. More than this the experienced professionals are finding hard to survive in this job market “never know who will be sacked “. Fortunately Indian economy is 70% dependent on agriculture is saving the GDP of the country and still there are no traces of recession.

In the coming days believe more jobs will be created domestically on life science, biotechnology, education, infrastructure and entertainment arena. On the outsourcing font the job market will be vibrant on the BPO jobs and KPO jobs were the expertise and job pool is emerging. The cities to focus for jobs will be Hyderabad, Chennai and Pune where the new captives are coming and expected recruitment in software, telecommunication, BPO, KPO, healthcare is approximately 1.5 million jobs by 2010.