|
If numbers are anything to go by Knowledge Process Outsourcing (KPO) sector in India is set for a real boom-boom time. The McKinney International Institute estimates that the Offshore Outsourcing volume will increase by 35-45 per cent for the next 6 years, and more than 3 million Jobs will be created overall by the end of 2015. Another research firm, Deloitte predicts that there would be Outsourcing of 2 million jobs in financial sector by year 2010.
India will act as the primordial resource using its biggest strength by supplying at least 1.9 million graduate students and more than 290,000 Post Graduates for helping the Knowledge Process Outsourcing industry as it evolves into the mass job generator scenario. There are many nations in the race, however in today's time all solutions lead to India. The prime reasons for attraction are the cheaper cost of labor; when compared to the western countries. Thus India is being tested as ground. With its Business Process Outsourcing and Information Technology industries, India proved that it could deliver high quality services and solutions.
Knowledge Process Outsourcing will swing
Research of equity is one of the main areas in which Knowledge Process Outsourcing will swing, as overall Wall Street is losing 4 billion dollar every year on producing equity analysis. For saving on costs and increasing the value proposition to customers, the company is trying to discover the significant value by proposition of operations in cheaper cost nations.
Many international investment centers have also been building the back office operation and research in India. So the cost does not matter for effective back office in nation like India that might prove to be field where experts can emerge and carve a niche markets. Copal Partners is such a company that has complete information and expertise for the financial research of Outsourcing market. It says that Outsourcing is a good idea for India. And it is going to change the economy of India in some 10-12 years of time and it will become the world center for knowledge.
|