As per a study, it is said that India has three-fourths of its population that is in the age group of 25 to 50 years. This is the age in which maximum output is obtained from them. Another study also states that most of the highly educated youth to lies here in India. Most of the western countries outsource their work here because of quality education and higher intelligence. Along with the smartness and wisdom there are many other advantages of offshore software development that are portrayed further.
High savings on cost: Fully loaded costs for offshore work in India are 30-50 percent lower than those in the U.S. and Europe, after factoring in increased expenses for telecommunication, infrastructure, and integration. Many companies have recorded sizeable savings by offshoring development along with maintenance for mature products and executing custom software projects.
Faster access to customers and thereby the market: Indian offshore development allows companies to reduce the time required for conceptualization through marketing of the product. Time reductions result from round the clock development cycles, rapid ramp-up through access to a large pool of resources and faster learning curves in some areas resulting from past experience.
High quality of work: Most IT services companies in India have a successfully tested methodology and have inbuilt quality standards for their development processes. As per statistics 22 out of the 37 SEI CMM level 5 certified software companies are in India. In addition, 140 ISO 9001 certified software development companies also operate in India.
Large technical talent pool: India has the largest English-speaking IT talent pool in the world. Over 120,000 trained IT professionals are being added to the Indian talent pool yearly compared to 25,000 in the US. 62 percent of this Indian technical workforce has more than four years of experience and over 70 percent has an engineering degree.
Opportunity for other additional activities: An Indian center and its high-quality technical talent can also be used for other IT-related activities such as core R&D, developing value-added applications around the core product, and for localizing products to access regional markets.
IT is a major area where the Government of India provides support
IT is one of the Government of India’s top five priorities.
The National IT Task Force submitted its 108 point Action Plan to promote IT in the country. The Government of India has approved the plan and is in the process of implementing it.
A separate Ministry of Information Technology was set up to expedite swift approval and implementation of IT projects and to streamline the regulatory process.
Thus, it is crystal clear that offshore software development is greatly beneficial to both – the client as well as the developers.
Prakash Software is Offshore Software Development company providing SharePoint Development Services and other Microsoft Technology Development Services.