21 December, 2010

No.1 for offshore outsourcing - India

India is still the world's favourite destination for offshore outsourcing , but attractive cost structures in the Philippines, Vietnam and Indonesia and the rapid growth of the business in China are posing tough competition, according to a new study by Gartner Inc.

"Clients continue to seek a portfolio of offshore countries and with India again experiencing increasing labour costs and attrition, this is creating opportunities for other offshore locations to target the services needs of more-mature Asian clients," said Gartner Research Vice-President Ian Marriott.

This is something we can as a country can certainly cheer about, at the same time we should be cautious enough no to loose the major share but a little to others, after all our nieghbouring countries are working hard to prove their worth too..Cheers to Asia :)