What Makes India Preferred Destination for Outsourcing

With the rise in the Indian economy in recent years, there has been a constant rise in the field of Indian software industry. In the year 2009-2010, the statistics of the Indian software market was around $73.1 billion with a growth of 11.8% as compared to the year 2008-2009 contributing to around 6.1% to the nation’s GDP. The Domestic software market itself was around $24.3 billion, with a growth of around 15.1% as compared to the year 2008-2009. This rise in the Indian software industry has given employment directly to around 2.3 million people and to around 8.2 million people indirectly. The Indian software industry has shown a massive compounded yearly growth rate of more than 50% between 1992 and 2001, and has increased almost double than the U.S. software industry did during the same period.

With major software giants like Accenture, Capgemini, Tyco Corp, Electrolux, IBM, HP, Samsung, GE, Daimler Chrysler, and Motorola set their base in India, the software industry has succeeded in switching this relative benefit to increasing exports, which establishes the fact that India has been branded as the key destination for major software development needs of the world. Software development company India offers a range of services like web development services, custom software development services, and online shopping cart development services. There are various reasons as to why India is the preferred destination for software off-shoring. Let us discuss the main reasons:

India’s software basin: Indian software development services are not restricted to few cities, but are spread to cities like Bangalore, Delhi-Noida-Gurgaon belt, Hyderabad, Mumbai, Pune, Chennai, Calcutta, Vadodara, Bhubaneswar, and more. These cities are promoted with the state-of-the-art software facilities, relevant telecom, and policy infrastructure, which are conducive to the growth of this sector. Few cities like Bangalore have gone the extra step to position itself to assist the software development company India market. That’s the prima facie reason why Bangalore has been playing host to many international-class conferences, workshops, and exhibitions purely dedicated to the cause of software development. Apart from this, United Nations has ranked Bangalore as the fourth best “Global hub of technological innovation”.

The magic mantra – quality:- Delivering quality services has been the leading edge for software development company India. According to the NASSCOM out of the top 400 companies, more than 250 have already acquired ISO 9000 certifications. Apart from this, the SEI CMM Level 5 segment model has helped India win all the rave reviews in the world. Out of the 54 companies in the world that acquired SEI CMM Level 5 certification, 27 companies are located in India.

Large pool of professionals:- Today, India is the preferred destination for software off shoring because of its strong base of skilled software and economical manpower availability. As of March 2010, India had over 467 million working software professionals. The facts of cost competitiveness and right IT related infrastructure are the few more reasons to make India the most preferred software outsourcing destinations in the world.