Access to a large talent pool, lower salaries and support from the National Association of Software Service Companies (NASSCOM) are some reasons why companies prefer outsourcing to India. Axis Bank, which has a 1,000-member-plus technology team, has been addressing the talent war by hiring people from smaller towns to work remotely. “When we started hiring freelancers under our GIG-A programme, we realised there are some countries where talent is available extensively. We also realised there is enough talent available in Tier II and Tier III cities. Hence, we are not in a hurry to explore talent from across borders,” says Rajkamal Vempati, Axis Bank’s Head of Human Resources. “In fact, a lot of Eastern European and Latin American heritage companies are expanding their India talent pool a lot more.

Related outsourcing resources

The history of outsourcing to India can be traced back to the 1980s when multinational companies started setting up their back-office operations in the country. This function helps businesses use automation to collaborate and communicate more effectively throughout the software development life cycle, reducing the overall turnaround time. This ensures efficient communication between your in-house and outsourcing partner. Also, your in-house team can easily collaborate how to write an annual report with the outsourcing partner or a freelance Indian developer – preventing confusion and saving time. Besides, the country has an abundance of experienced software companies that are well equipped to manage outsourcing projects of any size and scale. Virtual Employee hires dedicated virtual employees from India in any domain or profession, ranging from IT, law, engineering, to SEO, content, and transcription.

1. These advantages discussed above serve as the country’s competitive edge against any other preferred outsourcing destination out there.
2. Companies from developed nations offshore parts of their business processes to India as they are able to majorly cut costs.
3. This ensures that Indian outsourcing firms have access to the right skill sets to consistently deliver quality work.
4. To deal with these issues, companies should sign a non-disclosure agreement with their outsourcing service providers.
5. We list over 3,000 BPO firms located across the globe in our global directory, and we provide detailed information, price guides, and reviews.
6. Outsourcing to India, and other countries, is not only a smart way to save money.

What industries are suitable for outsourcing to India?

Choosing the right outsourcing software development company is essential for a profitable partnership. However, companies can always take appropriate measures to safeguard their data when outsourcing to India. For example, you can get your software development outsourcing partner to sign an NDA (Non-Disclosure Agreement). Indian IT companies offer high-quality services by leveraging the latest technologies and the country’s top-notch tech infrastructure. Also, this can help you deliver the outsourcing software development project quickly and avoid mistakes.

After all, you need to hold the service provider accountable for any delays or issues in the project. Communication plays a vital role in ensuring that your outsourced project is on track. You need tools that help you communicate project demands and progress to your remote teams. They also have the most outrageous guarantee, that is, if they don’t exceed your service-level expectation, they will give you 200% of the payment you paid them. For example, if you’re good at digital marketing, you do not want to outsource that.

In the early 2000s, India emerged as the world’s leading outsourcing destination, with many global companies, including IBM, Accenture, and Microsoft, setting up their offshore operations in the country. The Indian outsourcing industry continued to grow rapidly, and by 2020, it was estimated to be worth over $200 billion, with over 4 million people employed in the sector. India is clearly a great outsourcing destination, as the benefits of outsourcing here far outweigh the drawbacks.

Serve Team

Sure, there were bumps – infrastructure issues, cultural nuances, and communication barriers. Fast forward, the 90s digital shift made India a go-to for tech solutions, especially during the Y2K bug frenzy. Algoscale has been building trust and relationships across the globe with Large Enterprises & Start-ups by leveraging cutting edge technology and top notch service. Algoscale Technologies Inc. founded in 2014 is a Big Data Analytics and Data Science firm incorporated in US with its development center in Noida, India. They are regarded as one of the most reliable companies who has the 100% project completion and on-time delivery record.

usiness Process Outsourcing (BPO)

Software development companies intuit privacy policy in India that offer web, mobile and product development services have state-of-the-art development centers armed with the latest technologies. One of the critical legal considerations when outsourcing to India is data privacy. India has implemented data protection laws to protect the privacy and security of personal data.

This will require a massive push and it has to come from the top as well,” says Mukherjee. The model lifo reserve is ideal for long-haul projects or fast-growing startups and enterprises that want to set up a long-term development team offshore. Do you have a great startup app idea that could disrupt the industry you want to tap into? You can outsource complete app development to the right experts to make your idea a successful reality.