
And the boom is set to continue, says Nasscom study...
By Andy McCue
Published: 5 June 2006 15:55 GMT
Revenue across India's booming offshore IT software and services industry grew by 33 per cent over the last year, hitting a new high of $13.3bn.
The annual figures from India's IT trade body Nasscom, for the financial year 2005/06, also show a 37 per cent rise in the country's business process outsourcing (BPO) revenues to $6.2bn.
Nasscom's predictions for growth in the next 12 months show no sign of India's position of dominance in offshore IT and BPO services being lost any time soon. Combined IT services and BPO revenue for the financial year 2006/07 is expected to grow by up to 30 per cent, to between $29bn and $31bn,
This continued level of growth will put India's offshore outsourcing industry on target to hit revenues of $60bn by 2010, according to Kiran Karnik, president of Nasscom.
He said in a statement: "In the last year India's strength has emerged through large client wins, cross-border mergers and acquisitions, movement of the industry towards a stable pricing model and a gradual positive shift in the outsourcing debate."
But Karnik warned India also needs to address concerns about the quality of its graduates and the country's poor physical infrastructure.
A separate report by research company Everest last month also claimed India will maintain its low-cost IT skills advantage in the offshore outsourcing market for at least another 30 years.
We provide BPO, software-led IT solutions, remote infrastructure and management services. Exposure to BPO services, insurance or offshoring activity ...
With a focus on offshore BPO/CRM and BLM solutions you will identify, qualify and tender for projects of varying value. Business Development Manager ...
Candidates must be savvy with (Indian) offshore model, be new business focussed and must be able to work in the UK without sponsorship. My client is ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Saritha Rai Why are Indian outsourcing companies such bashful suitors? No mega-mergers despite billions on hand
William Benn Outsourcing - how to make sure it's reliable All about measuring consistency and stability