Why Outsource to India?
In a recent survey, it is found that 75-80% of US & European companies ranked India as their #1 choice for software development outsourcing. As per NASSCOM, almost 50% of Fortune 500 companies are outsourcing their software development work to Indian outsourcing companies.
India’s Contribution in IT / Software Industry
As it stands today, the two biggest tech firms in the world are headed by Indians - Microsoft’s CEO, Satya Nadela, and Google’s top man, Sundar Pichai. And many more big giants like Adobe, NetApp, Sandisk, Nokia, Cognizant, Harman, Xerox – are headed by Indians. In addition, 13-14% startups in Silicon Valley are founded / managed by Indians.
If you talk about past
- Ajay Bhatt (Intel’s Chief Systems Technologist) - is the father of USB
- Vinod Dham - is the father of Pentium Chip
- Vinod Khosla, co-founder of Sun Microsystems, a man instrumental in the invention of Java programming language
- Sabeer Bhatia - Co-founder of Hotmail
- Vic Gundotra, the man behind Google+ social network
And the list goes on …
Convenient Geographical Location and Timezones
The usual work shift in India is 9 AM to 6 PM. But with flexible timings policy, our staff comfortably work either by coming early at 7 AM / 8 AM or by staying late till 10 PM / 11 PM. This way - it gives good overlapping time to different timezones’ clients, teammates, vendors, etc.
Growing Startup Environment
India is 3rd largest startup ecosystem in the world, according to IT industry body Nasscom. The total number of tech startups in India has grown to 8,900-9,500, and the third-highest number of Unicorns in a single country in the world. Last year, Indian tech startups secured around 14 Billion USD funding.
Largest IT Talent Pool – Breath & Depth Wise
With over 4 million experienced developers & 3 million STEM graduates added every year, India is a leading offshore development destination.
Very Low Rates with Consistent High-Quality services
India is around 10X cheaper when it comes to Mobile & Web App development compared to the USA, that too with consistently high-quality services. You can check different regions’ outsourcing rates here. Software Engineering Institute’s “Capability Maturity Model Level 5 (CMMI Level 5)” is the highest quality certification in the software industry. With 65% of the world’s CMMI Level 5 companies, India is logically no. 1 destination for outsourcing in terms of quality standards followed.
State-of-art Infrastructure, Fast Internet
With over 560 million internet users, India is the second-largest online market in the world, ranked only behind China. It is estimated that by 2023, there would be over 650 million internet users in the country. Despite the large base of internet users, the internet penetration rate in the country stood at around 50 percent in 2020.
Ease of doing business & Governmental Support
India has moved up 14 places to rank 63rd among 190 nations in the World Bank’s ease of doing business ranking. It’s a justified worry that enacting even simple business procedures can be difficult when corresponding overseas. But India has a proven record of being a great environment for visiting companies; the work ethic and culture works well with those in Western countries, facilitating the growth of great projects.
High Level of English Proficiency
With more than 125 million people proficient in English language, India is second largest English-Speaking population after the USA.
Committed & Hard-Working Professionals
In a recent survey, it is found out that 69% Indians expressed satisfaction in working 5 days a week whereas if you compare with other countries like Mexico (43%), USA (27%), UK (16%), France (17%), Australia (19%) then Indians are most hardworking workforce in the world. Many outsourcing firms in India work 9 hours a day and are always ready to put in extra time in order to meet short project deadlines.
India’s higher education ecosystem is the 3rd largest in the world, after the United States & China. As of 2020, India has over around 1000 universities, with a break-up - 50 central universities, 402 state universities, 125 deemed universities, 334 private universities, 7 Institutes under State Legislature Act, and 155 Institutes of National Importance that include IIMs, AIIMS, IITs, IIITs, IISERs, NITs. Other institutions include 52,627 colleges as government degree colleges, private colleges, standalone institutes, and post-graduate research institutions, functioning under these universities as reported by the MHRD in 2020. If you talk about only engineering colleges, India has 4500+ engineering colleges under AICTE.
“With 4 million experienced developers & 3 million STEM graduates added every year, India is a leading offshore development destination. By 2024, India will overtake US as the largest developer population center.