Over the past decade or so, India has emerged as an attractive destination for offshore outsourcing. Companies all over the world are offshoring many different processes to India to harness the benefits offered by the country. Many Fortune 500 companies have either outsourced their processes to India or set up their own captive centers in the country, thus validating India’s value proposition for an offshore services hub.
The Information technology (IT) Outsourcing and Business Process Outsourcing (BPO) market in India is growing rapidly. According to the estimates of NASSCOM, Indian offshore IT and BPO market is worth USD 17.6 billion, which is about 44 percent of the total global IT and BPO offshoring market (about USD 40 billion).