Outsourcing began in the ‘90s and has helped businesses grow exponentially since then. It all began in 1989 when Kodak, a very popular Camera manufacturing company started outsourcing most of its information technology systems, followed by other popular companies afterwards.
Back in the day, it was all about reducing costs and maximizing profits. In the current world, where Information Technology has become so important in the business industry, the focus has shifted and has become more strategic, so as to focus on core competencies, minimize time wastage and maximize growth. In fact, you may also read about Myths of hiring remote developers in India.
Let’s broaden your perspective on how Outsourcing from India will turn out to be the best decision you ever made for your venture:-
Largest Pool of Talent
You are dealing with a country having a population of approximately 1.7 billion, which delivers about 1.5 million graduates out in the workforce every year. Moreover, India has been known for having the largest English speaking population in the world. This means you have an abundance of resources to choose from and no communication barriers.
Massive Cost Savings
Now there are two major reasons that bring these expenses significantly down. Because the cost of living in India is cheaper and the currency exchange rates are in your favour, you can save a ton of money. Hiring development services in the US may cost you about $100.00 – $150.00 per hour whereas, you may get the same service for $30.00 per hour in India.
High Quality of Service
Indian Outsourcing Association commented on the trend of US and UK based companies preferring India as their go-to destination for Outsourcing, saying that cost reduction was only part of the reason that companies were considering offshore outsourcing. It was the speed and quality that actually made these companies coming back to them.
Possession of Latest Technology
One of the major benefits of outsourcing to India for the U.S and Uk based clients is that Indian professionals consistently stay updated with the latest technologies and trends that the client uses in the organization in-house. NASSCOM (National Association of Software Services Companies) research has indicated that India will soon have the world’s highest number of ISO–9000 software companies.
Time Zone Advantage
The Indian timezone falls right in the sweet spot, which provides a 24/7 service to their clients across the US and many other European countries. For example, India is 9 hours and 30 minutes ahead of Washington and 4 hours and 30 minutes ahead of the UK, which makes it more likely to hire services from India at almost any point in time.
Apart from all the above reasons, India is the only outsourcing country that exports software to 95 other countries across the world. Software exports from India are rising at a growth rate of 40–50% every year. If you stumbled across this article as someone who is currently seeking an instant upscale of your business at the best prices, then you may as well outsource development services from India.