give any two reasons why BPOs business in India is so successful
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Answers
Answer:
1In India, Business Process Outsourcing (BPO) is the fastest growing segment of the ITES (Information Technology Enabled Services) industry. Factors such as economy of scale, business risk mitigation, cost advantage, utilization improvement and superior competency have all lead to the growth of the Indian BPO industry
2BPO Industry is still Successful. Cost-advantage. Initially, India was chosen as an apt alternative to in-house processing considering many favorable factors including large English- speaking workforce and availability of tech- savvy manpower. Competent Talent Pool. Leveraging Cost-advantage
i. The work that comes to Indian BPO industry are actually from rich and enterprising countries like USA, Canada and European countries. This has led to infusion of capital into this business.
ii. Indians are developing their skills as an educated nation.Many of the skills are required by the BPO industry come easy for the educated employees,who are many times graduates also. So, the BPO industry is lending its hand to provide employment to many of the educated people of India.
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