But four-fifths of the world's 500 largest companies already outsource some work to India. With so many English speakers and 1.5 million university graduates each year, it makes sense for Western companies seeking new ways to cut costs.
Graduates entering the industry earn between 8,000 and 10,000 rupees ($175 to $220) a month, only a tenth of their U.S. counterparts, but a decent sum in a country where the average annual income is about $500.
I am not opposed to outsourcing. It seems to work for both sides: low prices for us, increased standard of living for them. I just thought those stats were interesting. 1.5 million graduates per year and an average ANNUAL income of $500. No wonder $2400/year is causing them to drop out of school. It is analagous to you dropping out of college, that is costing your family a relative fortune, for a job that pays over 100k/year.
Meanwhile, companies are providing 24-hour support for a tenth of the price.
By the way, the term "outsourcing" here is misleading.
Outsourcing refers to the practice of subcontracting a part of your product or service out to another firm who can perform the task more efficiently than you.
-Offshoring- is the process of moving jobs abroad.
Just a peeve of mine, and media stories have gotten it wrong every time in the last year or so.
Yes, but one can say, outsource a printing job to a firm down the street. One cannot offshore a printing job down the street (unless said street is very long.)
The India market will slow down in a few years, salaries are going up. Soon India will be be offshoring to China. The same thing will probably happen in China too, so most Major corporations are sinking alot of money into Oompa Loompa research.
"You can live in hapiness too
just reboot a dumpa dee doo"
