Recession Crisis and Outsourcing

Source: Amazines

Written by RICKIE WILLIAMS

Some of my ITance friends expressed their fear regarding to the impact of the recent economical recessions over Indian economy and particularly outsourcing industry. They have view of negative impacts but I posses some converse view as I believe that a recession is actually a great time to start a new venture. Take advantage of the lack of froth now, when talent is available, resources are cheap, and you can hear yourself. In fact whenever there's a downturn people outsource more, not less. Organizations want to take costs out wherever they can.

What happens to the host countries where outsourced work is going? Such countries show the downing trends in growth of salary, cost of living, real estate prices etc. These all make cheaper the outsourcing services for offshore companies for instance from US, UK etc. Additionally Recent currency rate further elevate profit margin for offshore companies.

Fundamentally the outsource market is strong and it will not change due to this financial crisis. Western companies are started viewing India as a strategic place to not only outsource higher-value research work, product design etc, but also to sell their own products and services. In the long-term once the dust settles in the US financial market, Indian IT and BPO companies will be in good position to attract more outsource work from the US businesses.

Recent trends of Indian outsourcing industry suggests a strategic shift from low cost services to higher valued KPO like services. This kind of trend will continue and Indian outsourcing industry will add new dimensions to the outsourcing market.

Now a day Indian offshore software and web development companies shows their smartness in dealing the recent recessions. They kept their expenses as such and higher the working time of their staff, higher the quality of out put and reduce the out put time. Among such high quality services offering companies Perception System is one. The portfolio of Perception System depicts a reliable out put with reasonable prices.