Offshoring to India will sharply ramp up next year after US elections are overhttp://www.business-standard.com/iceworld/storypage.php?hpFlag=Y&chklogin=N&autono=164899&leftnm=lmnu9&leftindx=9&lselect=0If you think this is a year of impressive growth for offshoring to India, as has been signaled by the first quarter financial results, you ain’t seen nothing yet.
Western firms and independent IT vendors are for the most part marking time, waiting for the US elections to be over. The jobs traveling to India are mainly resulting from the need to take care of growth and attrition and little because of layoffs.
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If this is the optimistic scenario for IT services, for ITES or BPO the potential for growth of offshoring is even greater. So far only a small part of BPO services has migrated to India, dominated mainly by call centre work.
But call centre work is only 3 per cent of the universe of BPO work. “The major challenge and potential lies in getting a slice of the remaining 97 per cent,” says Vashisth.
In software, the ramp up in the immediate future is likely to take the form of the $100-500 million multi-year deals looking to come to India. There is nothing amiss in the ramp up for Indian companies being incremental in nature as that is also the pace being adopted by MNC vendors with captives in India.
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I can hardly wait /sarcasm