The outsourcing industry in India last year recorded a growth of 50% over the previous year and should do better in the future.

Newer market conditions and increased competition has lead to Indian service providers making improvements in cost structures through continued standardization, automation and global delivery.

Nearly 75% of the US and European multi national companies are outsourcing services to support the financial function.

According to ‘Pricewaterhouse Coopers’ Management Barometer survey released, 72% of the European multi national companies have outsourced financial functions over the past 2 years compared with 77% in the US.

Growth in this sector will get a further impetus as Indian service providers have robust security practices and emphasis is laid in developing trust with clients. Today there is a focus on standardization of security such as data and IP security.

Also, domestic outsourcing is likely to grow over 5 folds to touch $17 billion in the next 4 years from the present $3 billion dollar according to a study of Assocham.

The impressive track record of the Indian industry, strong fundamentals and the growing emphasis of the government towards telecom and infrastructure support has made India the preferred destination for outsourcing.

SMARTSOURCER, the NEXT level IT and BPO service provider diffentiates itself through its methodology.

 Read more about SmartSourcer Advantages