Chew on that

Here are some statistics that shed more light on offshoring. These have been culled from various newspaper articles and the NASSCOM website.

• 400 of the Fortune 500 companies have either set up offices in India or outsource to Indian technology firms.
• 200,000 jobs will be provided by outsourcing centres in India by 2011.
• India controls 44 per cent of the global offshore outsourcing market for software and back-office services, with revenues of $17.2 billion in 2004-5. By the end of 2005, India's software and back-office exports are expected to reach $22.5 billion and hit the $50 billion mark in the next five years with the industry growing to over $75 billion. India's market share in global outsourcing in 2008 is expected to be 51%.
• For every dollar that US firms spend on offshoring, they save 58 cents.
• Six hundred and sixty multinationals bring business of more than $1 million annually to India. All that adds up to work for over 3.5 million Indians-1.05 million programmers and other skilled workers, and 2.5 million people in support services such as transport and catering.
• NASSCOM predicts growth in exports at 27% each year.
• The share of the ITES-BPO sector in total revenues of India's it software and services increased from 6.5 per cent in 1998-99 to 29 per cent last year.