In recent times Gartner Inc. conducted a research that unambiguously demonstrated that in spite of facing stiff competition from countries like Brazil, China, Russia, and several East European countries India still reigns supreme in providing offshore services to American and West European countries.
There are a number of reasons that have put India in the top spot amongst countries providing offshore services to the developed nations. Government aid, the worlds second largest pool of English speaking professionals, low cost of labor, huge pool of technically qualified labor, economic environment, a mature legal system, cultural compatibility, security and privacy of intellectual property and data are some of the reasons that have made India the reigning deity of the offshore services industry.
The data entry outsourcing industry of India is one of the oldest players in this outsourcing business. It contributes significantly, both in terms of volumes and value, to the dynamic outsourcing sector. The global outsourcing industry is worth a whopping $148 billion dollars. India’s share in this is industry is around 27.3%, which is increasing with every passing minute. It is estimated that in the financial year 2008-2009 the data entry outsourcing business is going to contribute around 39.7% to the overall revenue generated by the outsourcing industry in India. This is indeed a very significant contribution. The consistent double digit growth rate of the data entry industry in India is likely to continue in the coming years.
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