Why India is most preferred IT outsourcing partner in the world?

India, Thailand, China, Chile, Indonesia, Philippines, Brazil, Bulgaria, Malaysia, and Japan: these 10 countries are top 10 preferences to be the IT outsourcing partner across the globe. Among them, India is the top priority for 80% of the US and UK firms. NASSCOM has surveyed and gave the report that the ‘Fortune 500 companies’, prefers India as their most entrusted IT outsourcing partner.

But, among these 10, why only India? There are some reasons. Let’s find out!

1. Largest Talent Pool:

In India, every year 3.1 Million youth graduates from the college & become a part of the national workforce. Among them, 1.5 Million are engineers, which indicates that every 1 out of 2 young men is an engineer in India. Moreover, India is also the highest English-speaking country in the world. The total number of English speakers in India is larger than the combined population of the USA and UK. For this reason, India has the largest and skilled workforce in the world.

“India's great economic boom, the arrival of the Internet and outsourcing, has broken the wall between provincial India and the world.” - Aravind Adiga

2. Inexpensive and Varied Pricing:

A rough estimate says, at an average, two IT developers with the same experience and expertise, one from the USA and the other one from India; the first one will charge 4-5 folds of what the latter one would. That was just about the money. What about the competency?

70% of the Americans are not graduate, while only 19% of the entire UK population works in any registered enterprises. Because workforce in India delivers high-quality work at a low price, it becomes the most entrusted IT outsourcing partner of the big giants in the US and UK.

3. Consistent Work Quality:

"Cost reduction was only part of the reason that companies were considering offshore outsourcing, there were benefits to be had in time-to-market and quality, leading to an adage that companies initially chose India to save costs but stayed for the speed and quality!" - Annual Offshore Outsourcing Conference, NOA

India has the best infrastructure and is running 2,297 engineering colleges, 20 central universities, 215 state universities, and 100 deemed universities. Every year, 8000 students enroll for IIT's while 19 million students enroll for the high-school education.

For the Indian Government itself, IT sector is among the top 5 priorities. Therefore, India is devoting their efforts towards producing highly-skilled, dedicated and reasonably priced IT resources to serve the world with outsourcing services for mutual profits.

4. Availability of Best Technology

The global share of India in R&D in Science and Technological development has risen to 3.75 percent in 2017. Also, India comes in the second position globally, for research & development in the technological fields. 

Day by day India is getting economically backed up by multiple national and international organizations for investment purposes. A couple of years ago, the Higher Education Funding Agency spent US$ 320.89 million on projects to enhance the research infrastructure of some respective institutions. Furthermore, India is the third most attractive investment destinations of the IT sector in the world. 

With the help of sufficient infrastructural, financial and intelligence backup from multiple non-government and government organizations, the Indian IT industry is capable of delivering unmatched quality and service. These services include Information Technology, business process re-engineering, Software Technology, system integration, e-commerce,  legacy system maintenance and almost all of the specialized IT services.

Among the 23 software companies globally that have achieved the SEI–CMM Level 5 certification, 15 were from India. Do you still have any doubt regarding the most proficient IT outsourcing partner globally? We are sure, all your doubts will be clear as of now. 

In case you have any query, just drop an email at info@yourteaminindia.com & we will get back to you shortly!

So, if you plan to hire offshore developers from India, don’t forget to check out Your Team in India!