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, the Indian Economy is to be the largest by the year 2050.
There are various reasons that make India a hot favorite destination for outsourcing. We are citing some of the major reasons that make India a leading outsourcing destination:
Talent Pool:
The majority of the 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 the largest English speaking nation in the world. Along with the quantity of the workforce, the quality of the workforce is also important to be seen. India houses a few of the best technological and managerial institutes that polishes the skills of young and make them the best-qualified professionals.
Stable Democracy:
India is the largest democracy. Even with different political parties, each party is pro-IT. Each government party tries to make a 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.
Flexible Pricing:
Accounting Outsourcing offers you the benefit of getting highly experienced people working on your projects on an hourly basis. This means that you pay only for the services that you require when you require them.
These and many more reasons make India a preferred destination for outsourcing.
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