Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:19, June 08, 2006
Nasscom projects 8.5 billion U.S. dollars from BPO exports
font size    

The burgeoning Indian ITES-BPO sector is projected to grow by 35-40 percent during the current fiscal (2006-07) to post about 8.5 billion U.S. dollars in exports by March 2007, according to Indo-Asian News Service Wednesday.

"The Indian ITES-BPO sector is expected to maintain the current export momentum to grow by 35-40 percent in this fiscal to achieve 8-8.5 billion U.S. dollars as against 6.3 billion U.S. dollars in 2005-06," Nasscom president Kiran Karnik said in Bangalore Wednesday.

Inaugurating the India ITES-BPO Strategic Summit organized by Nasscom, the industry body, Karnik said the growth was being driven by a steady increase in the scale and depth of existing service lines.

On the hiring front, net employment in the segment has grown by 100,000 in FY 2006 to take the total number of people to 415,000, with turnover/attrition levels stabilizing due to talent acquisition and retention initiatives, Karnik told about 500 delegates participating in the two-day event.

The IT industry provides direct employment to about 1.3 million people and indirectly employs about three million people in the country.

According to a Nasscom analysis of the ITES-BPO sector, outsourcing to India provides significant benefits over arbitrage in labor costs through business process enhancements and improvements.

In spite of the rising element of cost, Indian offshore operations provide cost savings of 40-50 percent annually. Similarly, despite 10-15 percent wage inflation annually, companies are able to leverage declines in telecom and other overhead costs to sustain the cost arbitrage, Karnik said.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved