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India can be an ideal offshore destination due to a variety of advantages
it has over other countries. Today, MNCs are rushing into India to stake a
claim to the outsourcing market. The global business gurus predict that
compared to other competing countries such as China, Ireland, Israel, and
the Philippines, India will continue to dominate as the preferred off shore
country for various reasons such as :--
A. Computer Literate Manpower
India boasts of its vast pool of young professionals who are familiar with
the basic computer knowledge that makes them eligible to work in a global
environment. They possess the necessary skills to learn latest software
packages, hone their computer skill as and when required, adapt to
challenging situations and deliver the best results.
B. English Speaking Background
English is the global business language in today's world. There is no
dearth of professionals in India who are fluent in both verbal and spoken
English. So, it makes them an ideal choice for leading MNCs.
C. Low Employee Turnover Rate
With employees increasingly demanding a balance between work and family
life, employee turnover in becoming a major cause of concern. In India, the
employee turnover rate is comparatively low, which saves the companies from
spending on recruitment, selection, and training of new people.
D. Low Cost of Qualified Personnel
In India the total expenditure on an employee is very low as compared to
any other nation. It makes India a hot destination for outsourcing as
companies can cut their overall cost while maintaining the superior quality
standards.
E. Strong Brand Equity in IT services
India has one of the largest pools of specialized professionals who are
proficient in IT as well as English communication skills. Due to its growing
and competitive software industry, India enjoys very strong brand equity in
IT services, which makes it an ideal choice for outsourcing.
F. High-Quality Communication Infrastructure
The Ministry of Information and Communication Technology in India is
playing an active role in developing and further improving the
infrastructure, which already matches the global standards. The IT Bill
passed in 2000 provides a legal framework for the recognition of electronic
contracts, prevention of computer crimes, electronic filing of documents,
etc.