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India is one of the fastest growing economies in the world. Today, it is also the
most preferred destinations for companies around the world, be it outsourcing or
be it consumer market. The world's leading global business intelligence and consultancy
firms such as Giga, Forrester Research and McKinsey & Co. have cited various reasons
for the increase of offshore outsourcing by multinational corporations to India.
India's quality and cost benefit edge is one of the major draws for these organizations.
Companies around the world have realized that to remain ahead of their rivals, they
need to reduce costs, provide the best quality, use the latest hi-tech skills and
be reliable and innovative. They are able to derive all these requirements through
a single source – Indian Software industry which offers:
- Huge Resource Pool - India offers a large workforce of
highly-dedicated, well-educated, English-speaking professionals. More than 1 lakh
engineering graduates every year transform India into the second largest English
speaking IT professional's pool in the world.
- Cost saving – There are substantial savings in cost as
highly qualified professionals are available at reasonable costs and the operating
costs are also much lower.
- Time saving – India is an average 4 hrs ahead of EU and
a full working day ahead of US.
- Time tested solutions - India enjoys very strong brand
equity in major markets, thanks to its growing and globally competitive software
industry.
The information technology industry in India over the last decade has evinced sustained
growth and attained a position of preeminence in the global economy. Companies around
the world are gaining competitive advantages by using Indian software/web services
that offer high quality, cost effectiveness, time saving, state-of-the-art technologies
and above all reliability.
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