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Outsourcing - A 3 Million Jobs Market by Year 2015 - The knowledge process outsourcing industry will help to create bright Indian future a very. KPOs’ story is fairly new and might not be huge one; however the numbers predicted in industry are very large.
Outsourcing - A 3 Million Jobs Market by Year 2015

 

NewswireToday - /newswire/ - Ahmedabad, Gujarat, India, 2006/04/05 - The knowledge process outsourcing industry will help to create bright Indian future a very. KPOs’ story is fairly new and might not be huge one; however the numbers predicted in industry are very large. .

   
 
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Mckinsey international Institute estimated the Offshore Outsourcing volume and said it will increase by 33 to 38 per cent for the next five years. With this more than 3 million jobs will be created up-to the 2015. Deloitte research predicted the Outsourcing of 2 million jobs in financial sector up-to 2009.

India will act as the primordial human resource sea and also by using its largest strength with this scenario, so one can say there would be supply of 2 million graduates at least with more than 300,000 PGs’ for helping the knowledge process outsourcing industry that evolved with lots of job. But in this competition industry of Outsourcing there are many nations for the race.

All roads lead towards India
Cost of labor in Outsourcing industry is the primary reasons for an attraction like this, which is significantly and economically cheaper as compared to Western countries and India is tested with these ground. India has proved that it could deliver services of high quality with the way such BPO and IT Outsourcing industries have emerged.

Knowledge Process Outsourcing will definitely flourish in the area of Equity research, on an average Wall Street is currently losing 4 billion dollar every year for producing Equity Research. For saving those costs with increasing the value proposition for customers, Wall Street have discovered the new value proposition that will operate in cheap cost nations.

Global investor like financial institutions and banks has been quietly building their research of back office in India. How cost effective a back office in India does not matter but it might prove the better field where experts can establish themselves and carve a niche market for themselves by attaining some amount of marked professionalism. Copal Partners is same type of organizations that having complete expertise with the financial research in Outsourcing market.

President and Co-founder of Copal Partners said, “Offshore Outsourcing is a better and better for India, it will change the economy of India totally. With future time of Ten years the nation will become the knowledge center for the offshore nations. And it will not be due to cheaper rate of India, but because India has the scale in terms of human resource for Offshore Outsourcing work.”

 
 
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Written by / Agency / Source: TatvaSoft - Custom Software Development India

 
 

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Outsourcing - A 3 Million Jobs Market by Year 2015

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