India provides 44% of outsourcing worldwide largely due to its
Answers
Answered by
1
Answer:
Abundance of cheap labour
Answered by
0
Outsourcing Worldwide
Explanation:
- Companies can save a lot of money by outsourcing their work to India. This is due to the fact that the cost of recruiting developers in India is far lower than in industrialized countries.
- Apart from the personnel costs, businesses can save a lot on office space and IT infrastructure by outsourcing to India
- The number one reason why India remains a top outsourcing provider is due to the significant cost savings that companies can achieve.
- This is primarily due to the significant disparity in human costs between India and wealthy countries.
- With revenues of $17.2 billion in 2004-5, India owns 44% of the global offshore outsourcing industry for software and back-office services, according to NASSCOM.
- As many as 400 Fortune 500 businesses currently have offices in India or outsource their technology to Indian firms.
Similar questions