Offshore Outsourcing has been popular for several years. Countries like India are popular offshore outsourcing locations which offer cost effective solutions. There is a wealth of articles and write ups about the cost advantages of offshore outsourcing with a majority claiming anywhere between 40-50% savings.
• It has one of the world’s largest pools of highly educated, English-speaking workers (250 million), many with scientific and technical skills. By 2010, India is expected to be the largest English-speaking country in the world.
• India has very low wages. Starting salaries for IT engineers in India range from $5,000-$10,000, low by US standards but very attractive in a country with a per capita annual income of $500.
India Advantages
India has the advantage of a very large number of English speaking populations, which is more than in any other non-English speaking country. Add to that the lower cost of manpower; it becomes very attractive to hire Indian software professionals. Once the boom started, India is producing software professionals by thousands. IT education starts right from Nursery and specialized institutes are available to provide diplomas/degrees in various fields of IT.
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