India is fast becoming a major outsourcing hub to the world and already has a booming $ 2.3 billion ITES market. Many organizations like the Nasscom, Boston consulting group and IDC India have predicted a highly positive development in the industry and estimate a growth of 60 -70% by the year 2006.
Of course with the growth of the industry there has been a sharp increase in the outsourcing jobs opportunities in India; an increase many believe will help India improve its economic and social stability in a major way.Technologically advanced cities such as Delhi, Kolkata, Pune, Mumbai, Bangalore, Hyderabad and Chennai have really cashed in on this BPO wave with Bangalore alone employing more than 1 lakh BPO workers.
Ironic as it may seem, as the Indian outsourcing market is booming, there has been an increased backlash among the US and UK markets especially among technical workers - a phase that is seen as temporary and likely to decrease in the years to come as the economy booms.
Business Opportunities in India are much. If you are looking at reducing your software development costs? One attractive way would be to relocate some of the development work to countries like India. While there are tremendous opportunities in these countries, a clearer understanding of the tax and legal formalities could mean the difference between smooth outsourcing of work and a confusing tangle of delays and cost overruns
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