Thursday, February 11, 2010 | Outsourcing News |
India's National Association of Software and Service Companies say the country's revenues from IT and Business Process Outsourcing (BPO) are set to increase 5.5% to $49.7 billion in the fiscal year leading up to March 31, 2010, PC World reported.
The figure encompasses Indian services and software development subsidiaries of multinational companies (eg Dell, Microsoft, Oracle, etc) in addition to exports by Indian outsourcing providers.
India's outsourcing companies are expected to register direct employment of 2.3 million by March 31, 2010 with over 90,000 being added before year-end.
The 5.5% growth rate is a stark contrast to the 16% Nasscom predicted in 2009, before the outsourcing industry was hampered by the recession and a Satyam Computer Services scandal. India nonetheless remains the top outsourcing destination offering the full range of outsourcing services to the US and UK among others.
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