India has the world’s largest pool of English-speaking software engineers, permitting fast and large-scale project ramp-ups
Flexibility, eagerness to learn, and technical proficiency are key characteristics
More than 700,000 software professionals
250,000 of them in top-tier companies
Access to talent from top universities available in the country
at low cost
With more than 250 universities, 1,500 research institutions and 10,428 higher-education institutes, India produces 200,000 engineering graduates and another 300,000 technically trained graduates every year. 2 million additional graduates qualify annually.
The Indian Institute of Technology (IIT) is among the top three universities from which McKinsey & Company, hires most.
Key drivers for Global offshore/ outsourcing as a strategic alternative
Increasing global competitiveness
Access to global talent
Economies of scale
Process engineering and enhancements
Increased profit margins
Improvements in quality
India holds 55% of the global Offshore BPO Industry More than ½ of Fortune 500 companies have outsourced to India India BPO Services grew by about 49% in 2004 Indian BPO is growing at 7 times the domestic GDP Indian outsourcing is moving up the value-chain LOB’s developing: HR and Finance Indian KPO (knowledge process outsourcing) to grow from $1.2 billion to $15.5 billion in 2010 (ie. 75% of the global KP market) Advantage India..
The real economics of offshoring * Estimate based on historical U.S. reemployment trends Source: McKinsey Global Institute
. . . and makes the global pie that much bigger
. . . creates new value from reemploying U.S. labor* . . .
$1 previously spent in U.S., now offshored to India . . .