Future of Outsourcing in India

India's share in global market rose to 55% in 2010 from 51% in 2009. India is still the world favourite outsourcing destination. But India basis many challenges in this outsourcing field such as stiff competition from emerging market (Latin America, Eastern Europ, Asia), high percentage of labour attrition, rising real estate and infrastructure cost. BPO IT sector grow world wide by 10% a year from 140$ billion in 2005 to over 220$ billion by 2010. The industry is rapidly growing and maturing and India has established itself as outsourcing hub. India remains a vital destination for outsourcing expect its annual GDP to grow at 8% to 10% for next decade.