OUTSOURCING IN THE FUTURE
Continuing on talks of the past, present and the future "Outsourcing". The future would think beyond India and China. What would this mean? East and West had awakened and would probably be dusting their strategies and decision's on outsourcing. India and China had been enjoying the advantage of the intellectual pool and best practices. Will this feed India and China at long term? My probable answer would be both yes and no.
Bill Gates quotes "The three dynamic economies in the world today are India with its best practices, China with its best practices and United States with its best". The economic engine once revolved around three countries. Now some more countries which are slowly, silently and vigorously raising heads above. What would it mean to India and China?. Will it be a set back for India and China ?. Again my response is mixed. Yes and No.
I could foresee a day where there would be multiple levels in executing an assignment. High end design and architectural work would get executed from India. Rest of the work would get executed from growing countries like Vietnam, Malaysia, Argentina, Romania, Mexico, Moscow. The list goes on.
Indian Challenges
1) High attrition
2) Rising salaries
3) Poor Infrastructure
4) Red Tapes at various levels
5) Raising real estate costs
Will India recover and regain the cost advantage? Let's wait and see.
Bill Gates quotes "The three dynamic economies in the world today are India with its best practices, China with its best practices and United States with its best". The economic engine once revolved around three countries. Now some more countries which are slowly, silently and vigorously raising heads above. What would it mean to India and China?. Will it be a set back for India and China ?. Again my response is mixed. Yes and No.
I could foresee a day where there would be multiple levels in executing an assignment. High end design and architectural work would get executed from India. Rest of the work would get executed from growing countries like Vietnam, Malaysia, Argentina, Romania, Mexico, Moscow. The list goes on.
Indian Challenges
1) High attrition
2) Rising salaries
3) Poor Infrastructure
4) Red Tapes at various levels
5) Raising real estate costs
Will India recover and regain the cost advantage? Let's wait and see.
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