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BPO Journal

Sunday, August 14, 2005

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.

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