The Rise in Outsourcing Income amidst fuelling pricesThe United States is the biggest market for Indian software and service exports, which are forecast by the industry group NASSCOM to hit 60 billion dollars by 2010. Tata Consultancy Service remained the top software and services exporter followed by Infosys and Wipro. The BPO exports clocked 30 per cent increase to reach a revenue of 10.9 billion dollar.
The next decade offers opportunities and challenges which will require new business models and the industry dynamics will also see significant changes leading to a many new industry drivers and enablers, and we will need to prepare ourselves for these. NASSCOM is developing a long term vision for 2020, to chart out the roadmap for all stakeholders and help them tap into this opportunity.
The software and business process outsourcing (BPO) industry's growth is expected to slow down considerably next financial year, the organisation representing the Indian software industry. The U.S. is the largest market for Indian outsourcers, accounting for about 60 percent of revenue. The second and third quarters of this calendar year are likely to be difficult for Indian outsourcers, with higher uptake from customers abroad coming after that, according to analysts.
Domestic wages till then will remain high in the IT-related sectors as more young Indians go to the West. That should empower an increasing number of employable youth as never before. Indian enterprises had successfully re-engineered their operations, in the last decade or so, to exploit global opportunities.
Mittal brushed aside concerns about the future of outsourcing as it has become a major issue in the run-up to the presidential elections in the US. The country's software and services revenue grew by 28 percent in the Indian fiscal year to March 31, to US$52 billion.
The next decade offers opportunities and challenges which will require new business models and the industry dynamics will also see significant changes leading to a many new industry drivers and enablers, and we will need to prepare ourselves for these. NASSCOM is developing a long term vision for 2020, to chart out the roadmap for all stakeholders and help them tap into this opportunity.
The software and business process outsourcing (BPO) industry's growth is expected to slow down considerably next financial year, the organisation representing the Indian software industry. The U.S. is the largest market for Indian outsourcers, accounting for about 60 percent of revenue. The second and third quarters of this calendar year are likely to be difficult for Indian outsourcers, with higher uptake from customers abroad coming after that, according to analysts.
Domestic wages till then will remain high in the IT-related sectors as more young Indians go to the West. That should empower an increasing number of employable youth as never before. Indian enterprises had successfully re-engineered their operations, in the last decade or so, to exploit global opportunities.
Mittal brushed aside concerns about the future of outsourcing as it has become a major issue in the run-up to the presidential elections in the US. The country's software and services revenue grew by 28 percent in the Indian fiscal year to March 31, to US$52 billion.
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