Digital thrust propels India’s rise to become the most preferred offshoring location, says report
India?s technology industry is growing and changing rapidly fueled by the continuing digital revolution in the country. This has resulted in India emerging as the most preferred location for offshoring with more than a half share in global sourcing.
- India’s IT-BPM industry which includes IT services, BPM, Engineering R&D, Software products and E-Commerce which grew at 8 per cent in FY18 stands at USD 167 billion (excluding e-commerce).
- This has resulted in India emerging as the most preferred location for offshoring with more than a half share in global sourcing, noted NASSCOM in a study.
- However, the changing nature of industry under which many banking, automotive and manufacturing firms are re-branding themselves as tech companies, calls for an organisation wide transformation involving people, processes and technology, said Nasscom, the industry association for the IT-BPM sector in India in a study, ‘Strategic Review 2018: Amplify Digital’.