Why,Offshore,Outsourcing,India business, insurance Why Offshore Outsourcing India ?

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India has emergedas a major outsourcing hub for software development worldwide. The business isgrowing at a healthy pace of 30%.Offshore outsourcing to India is one of the most popular managementpractices today. Though it is generally spurred by the cost reduction factor,this is just one of the reasons one should consider offshore outsourcing. Mostparties who outsource are unaware that Indian Service Providers do not justoffer cost effective solutions, but also value addition by improvingproductivity and quality.Why consider offshore outsourcing to India?In today's competitive world,offshore outsourcing has become a boon for businessmen. And simply; for themajority of companies, offshore outsourcing has turned out to be a veryattractive option due to its cost effectiveness. Moreover, outsourcing providesbusinessmen the freedom of dumping all of their non-core activities-, which isalso an important aspect of their business- and gives them freedom to focus ontheir core activities. On the whole, it is a practice of handing over the workto an individual or group of individuals who can give cost-effective fairdealing to the development of your business.Offshoreoutsourcing has been popular for several years. Countries like India arepopular offshore outsourcing locations which offer cost effective solutions.There is a wealth of articles and write ups about the cost advantages ofoffshore outsourcing with a majority claiming anywhere between 40-50% savings. It has one of the world’s largest pools of highly educated, English-speaking workers (250 million), many with scientific and technical skills. By 2010, India is expected to be the largest English-speaking country in the world.India has very low wages. Starting salaries for IT engineers in India range from $5,000-$10,000, low by US standards but very attractive in a country with a per capita annual income of $500. Offshore Outsourcing is not just about cost.Outsourcing to India is an oldconcept, but its increasing popularity among leading organizations is what ismaking it coveted. Companies, through out the world have willingly acceptedoutsourcing, and are allocating there in-house operations to several otherorganizations situated in all parts of the world.One shouldunderstand the need for offshore outsourcing better before making a decision.Cost is definitely one of the main reasons for offshore outsourcing to India,but one should realize that this cost advantage may not be seen immediately.Initial investment in infrastructure, training, and other such preliminariesmay make one believe that the cost advantage promised is just the illusory potof gold on the other side of the rainbow.India AdvantagesIndia has theadvantage of a very large number of English speaking populations, which is morethan in any other non-English speaking country. Add to that the lower cost ofmanpower; it becomes very attractive to hire Indian software professionals.Once the boom started, India is producing software professionals by thousands.IT education starts right from Nursery and specialized institutes are availableto provide diplomas/degrees in various fields of IT.There are many asuccess stories in the field of software development and outsourcing. Rightfrom custom software development, India is now developing many softwareproducts as well. There is lot of web application development in India, thesedays. There are new areas like SEO experts India. It is becoming so importantthat this may be the next big thing. Then there are specialized services likeCAD services India and 3d designing. Web site design specially, high-end designusing flash and 3d is becoming quite common. This has found applications inanimation movies, special effects and even 3d gamingSo the aspect ofsaving money does exist, but one has to realize that initial investment maymake the promise of cost reduction seem false. There will besavings and along with these savings there is great value addition. Most whooutsource only realize the quality and value addition after the offshoreoutsourcing relationship begins. This is not usually the primary goal whendeciding to outsource, and the creativity and talent in India comes as asurprise to many.Offshore Outsourcing to India is about quality and value additionat a reduced cost.The reason behindthe popularity of offshore outsourcing is that it provides an option forgetting highly productive manpower at a cheaper rate. For instance, an offshoreoutsourcing destination such as India is popular to U.S.-based businessesbecause of the cheap working rate. The other best thing is that it will leavebusinessmen free from additional responsibilities and give option to focus onthe core of their business. On the other hand, the outsourcing firm can also focuson the specific work delegated to them as well as the purchase of necessarytechnology will now be handled by the outsourcing company, thus it is acost-efficient business operation. You are Readingthis Article because you are considering offshore outsourcing and you heardINDIA has some outsourcing expertise. However, India combines the best qualitywith low cost.