- May 6, 2014
- Posted by: Rayvat Accounting
- Category: Business, Outsource Accounting
In a recent survey conducted by the National Association of Software and Service companies (NASSCOM), reported that almost half of all fortune 500 companies outsourced some of their work to India. According to Goldman Sachs, Indian Economy is to be the largest by the year 2050.
There are various reasons that make India a hot favourite destination for outsourcing. We are citing some of the major reasons that make India a leading outsourcing destination:
Majority of Indian population is young. Which makes it a country with the largest technical and professional talent pool in the world. Along with the youngest manpower, India is also largest English speaking nation in the world. Along with the quantity of the workforce, the quality of of the workforce is also important to be seen. India houses few of the best technological and managerial institutes that polishes the skills of young and make them the best quality professionals.
India is the largest democracy. Even with different political parties, each party is pro-IT. Each government party tries to make better economic environment to facilitate the workflow process for outsourcing. Indian service industry contributes 51% of the total GDP, and to maintain and increase this government has proper information technology act in place as well as various tax benefits and rebates are available to firms.
Outsourcing to India offers you the benefit of getting highly experienced people working on your projects on an hourly basis. Which means that you pay only for the services that you require when you require.
These and many more reasons make India a preferred destination for outsourcing.
Outsource your accounts to Rayvat Accounts in India and we shall ensure quality services for you at low cost and high efficenty. Contact US for know more about our services and how can it perform.