India and Growth In BPO Sector!

Research Groups in US and outside predicts that’s India’s IT Business Process Outsourcing (BPO) will grow by 25% in the 2003 fiscal year. The Research Groups estimates that various companies in United States and Europe look anxious to handover some of their operations to outsourcing companies in cost-effective countries such as India, Mexico and others.

This predicts the rapid growth of BPO in India, logically. India’s low cost economy combined with skillful workforce and easy legal norms set by the Government easily ensures India a hot destination for Business Outsourcing (BPO). China alongside India was predicted to grow amongst the top Outsourcing destination but problems associated with this immaturity--the lack of English language skills, the legal and regulatory environment, the lack of intellectual property laws--make China too risky today. Thus India took a dominant step to emerge as one of the giants delivering BPO services.

Studies also reveal that Offshore Application Management is shaping as the highest growth service opportunity in 2003. And India is likely to gain most from it.

BPO in India foresee growth under normal circumstances. India produces abundance of tech-savvy professionals, which ensures quality. The English used by the Indians is very fluent and meet the requirements of the International standards. India is predicted to tap the BPO accounts of top-tier industries globally. Under the present circumstances nobody sees any stopping for more and more BPO in India.