India is the second largest English speaking technical resources sector after USA. In IT services India is one stop manpower solutions destination. India buys more business services then the US, UK or China. The US has net surplus from outsourcing other countries with similar surpluses included the UK, India, Singapore, Hong Kong and Switzerland. Many US companies cut a portion of their annual capital cost by reducing the IT department and moving to work in India.
Presently the jobs from USA to India covers a range of professional skills. In addition to IT services such as software maintenance and low level coding. It have expanded to sophisticated IT task such as web application development, XML, software design, architecture and management. In addition IT enables business services such as data entry low level processing, customer call center, telemarketing, collections accounting, human resources procurement and help desks are being outsourced by banks, insurance companies, lenders, credit card companies, airlines and utility providers.
Rough estimate indicates that in recent years 4 lakh to 5 lakh IT jobs for moved out from the USA over the next decade. So the demand for outsourcing work in India will continue to grow as long as it is cost effective and provided high quality of service is maintained. The knowledge based economy, innovation, competition conserve capital, reduce cost, improve quality focus on core and globalization of markets are the main reason for outsourcing.