London, Friday, September 07, 2007 -- ARANCA NEWSTRACK -- www.aranca.com
India, Republic of (Press Release) September 7, 2007 --
India 'the most popular outsourcing destination'
London, Friday, September 07, 2007 -- ARANCA NEWSTRACK --
India is still the most likely outsourcing destination in the world, it has been revealed.
A survey conducted by recruitment provision specialists Elixier Solutions shows outsourcing business in India is growing at an annual rate of 40 per cent.
Meanwhile, nearest rival China's business is augmenting at a more conservative - but still impressive - rate of 25 per cent.
The study suggests that the ability of Indian firms to deliver impressive turnaround time (TAT) is crucial in attracting business as it gives customers more confidence in the service they provide.
Despite this, Elixier Web Solutions associate partner Jacob Samuel believes demand for outsourcing is still being curtailed because firms consider it a "luxury" rather than an efficient business practice.
"Certain companies restrain from outsourcing their practices thinking it to be a luxury practice which only organisations having deep pockets can afford," he told the Economic Times.
Even so, the outsourcing industry is tipped to grow to $1.43 trillion by the end of 2009 from the current $1 trillion level.
Hemendra Aran, CEO, Aranca said, “There are very good reasons why India continues be world’s leading services outsourcing destination. In terms of skilled and highly educated talent pool, scalability a mature industry that understands outsourcing, cost advantage, English language skills and so on, very few other destinations even come closer to India.â€
India is likely to come under increased pressure from China though, especially in the wake of escalating wage levels and a staff shortage
Madhusudan Rajagopalan, Director, Aranca India Operations said, “It is true that talent is getting scarce even though India churns out hundreds of thousands of engineers, post graduates with professional education and graduates. However, the rate of churn especially in the process-driven BPO kind of setups combined with growing opportunities have driven the compensations through the roof. That, to my mind, is not sustainable in the long run.â€
Further analysis into the outsourcing industry could be supplied by Aranca, an end-to-end provider of on-demand, custom investment, business and economic research.
Copyright and Disclaimer:
Copyright 2007, Aranca. All Rights Reserved.
Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:
Aranca Syndication Service at syndicate@aranca.com.
Tel: +91.22.4005 2219 / +91.22.6725 8115
London, Friday, September 07, 2007 -- ARANCA NEWSTRACK --
India is still the most likely outsourcing destination in the world, it has been revealed.
A survey conducted by recruitment provision specialists Elixier Solutions shows outsourcing business in India is growing at an annual rate of 40 per cent.
Meanwhile, nearest rival China's business is augmenting at a more conservative - but still impressive - rate of 25 per cent.
The study suggests that the ability of Indian firms to deliver impressive turnaround time (TAT) is crucial in attracting business as it gives customers more confidence in the service they provide.
Despite this, Elixier Web Solutions associate partner Jacob Samuel believes demand for outsourcing is still being curtailed because firms consider it a "luxury" rather than an efficient business practice.
"Certain companies restrain from outsourcing their practices thinking it to be a luxury practice which only organisations having deep pockets can afford," he told the Economic Times.
Even so, the outsourcing industry is tipped to grow to $1.43 trillion by the end of 2009 from the current $1 trillion level.
Hemendra Aran, CEO, Aranca said, “There are very good reasons why India continues be world’s leading services outsourcing destination. In terms of skilled and highly educated talent pool, scalability a mature industry that understands outsourcing, cost advantage, English language skills and so on, very few other destinations even come closer to India.â€
India is likely to come under increased pressure from China though, especially in the wake of escalating wage levels and a staff shortage
Madhusudan Rajagopalan, Director, Aranca India Operations said, “It is true that talent is getting scarce even though India churns out hundreds of thousands of engineers, post graduates with professional education and graduates. However, the rate of churn especially in the process-driven BPO kind of setups combined with growing opportunities have driven the compensations through the roof. That, to my mind, is not sustainable in the long run.â€
Further analysis into the outsourcing industry could be supplied by Aranca, an end-to-end provider of on-demand, custom investment, business and economic research.
Copyright and Disclaimer:
Copyright 2007, Aranca. All Rights Reserved.
Editors/Journalists/Blogs are invited to request republishing/dissemination rights. All requests to republish Aranca material for distribution should be addressed to:
Aranca Syndication Service at syndicate@aranca.com.
Tel: +91.22.4005 2219 / +91.22.6725 8115
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