Going Offshore To Get The Job Done
There’s no place like home. Unless it’s Bangalore. Or Chennai. Or perhaps Hyderabad, Indore, or Kolkata. Over the past 10 years, companies have shipped millions of high-paying jobs overseas to lower-cost offshore locations, principally in India. Between 2000 and 2011, the Indian IT/Business Process Outsourcing markets grew from $4B to an estimated $76B, with 19% growth in the last year.
But that outsourcing accounts for just 10% of the global IT services market. In fact, a study in 2010 by Forrester Research found that an additional 3.4M white-collar jobs are expected to be shipped to India by 2015. Looks like the offshoring trend could become a tidal wave.
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