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Outsourcing Newsletter - March 16th

Outsourcing Newsletter - March 16th

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Published by offshoreindianews
Offshoring and Outsourcing newsletter on latest happenings in India
Offshoring and Outsourcing newsletter on latest happenings in India

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Published by: offshoreindianews on Apr 08, 2008
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09/27/2012

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Offshoring & outsourcing newsletter- mid march, 2008
Offshoring and Outsourcing market intelligence newsletter (March 16
th
, 2008)
Recent news, upcoming events, competitor news, analysis, facts and trivia about offshoring and outsourcing 
RECENT NEWS ARTICLES
(click on the link to go the article)
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Upcoming outsourcing and offshoringevents for March
March 16
th
– 19
th
- $$$
Duke University – Successful outsourcing and offshoring strategy, Durham,NC 
March 18
th
- 19
th
– $$$$
Financial Times Global outsourcing conference, New York 
March 25
th
- Webinar Onshore vs Offshore support: Why onshore iswinningMarch 30
th
– April 3rd – $$$$
IQPC shared services week, Orlando,FL
Market trends
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Offshoring & outsourcing newsletter- mid march, 2008
Indian IT/BPO firms continue to expandoperational footprint outside of India to enabledelivery centers closer to customers and tomitigate the risk of currency exchange rates
Mid size and specialist vendors continue to facea rough market with slowing customer demand,reduced pricing structures and slowing IPO/M&Amarkets
Business in driving seat for offshore contract re-negotiations, vendor selection and pricing for services
Mixed market messages on how US slowdownis affecting offshoring – overall a reduction in ITbudget for firms has resulted in some firmsaccelerating outsourcing and others pulling inthe reigns.
Competitor news
No update for this newsletter 
Fact Box on India
Software Industry
*The software sector saw a 33 percent rise in exports to$31.4 billion for the year to March 2007, according to theNational Association of Software and Service Companies(Nasscom). It is expected to rise 24-27 percent to $49-$50 billion in the year to March 2008.* Software and back office companies employ around 1.6million, up from 1.3 million last year. Indirect employmentis estimated at an additional 3 million.*Indian software services companies typically make morethan 50 per cent of their revenue from the United States.
Outsourcing industry
 * About four-fifths of the world's 500 largest companiesalready farm out some work to India, which churns outabout 2.5 million graduates every year, though only about15 per cent are suitable for employment in the sector.* The United States accounts for more than two-thirds of the outsourcing market, followed by Europe with 25percent.* An average Indian graduate earns rupees 15,000($366) a month, but wages are rising 10-15 per cent ayear.* As of March 2007, nearly 553,000 people wereemployed in more than 400 outsourcing or back-officefirms in India.
Interesting Links:
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Offshoring & outsourcing newsletter- mid march, 2008
Indian apex body on IT/ITES offshoring:
Phillipines apex body on BPO outsourcing:http://www.bpap.org
Brazil outsourcing apex body:http://www.braziloutsourcing.com.br/
Finance and Accounting outsourcing mag:http://www.faotoday.com/
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Area
3,287,590 sq km9,596,960 sq km9,826,630 sq km7,686,850 sq km
Population
1.12 billion (est 2007)1.32 billion (est 2007)301 million (est 2007)20.4 million (est 2007)
Median Age
24.833.236.637.1
Capital
New DelhiBeijingWashington DCCanberra
GDP (PPP)
$2.965 trillion(est 2007)$7.043 trillion (est2007)$13.86 trillion (est.2007)$766.8 billion (est.2007)
GDP - real growthrate
8.5% (est. 2007)11.4% (est 2007)2.2% (est. 2007)4% (est. 2007)
GDP per head (PPP)
$2,521$ 4,772$ 44,071$35, 607
Inflation
4.5%1.5%2.6%2.9%
Exchange Rate
1 US$: 40.02 Rupee1 US$: 7.101 YuanNA1 US$: 1.07Aus $
Major Exports
Engineering goods, Petroleumproducts, Textiles, Gems &  jewelleryElectrical machinery, Clothing,Yarn,Petroleum & productsCapital goods, Industrialsupplies, Consumer goods,Auto vehicle and parts
Metalliferous
ore & metalscrap, Coal,Coke,Non ferrousmetals
Major Imports
Petroleum,Electronic Goods,Gold & silver, MachineryElectrical machinery,Petroleum, Industrialmachinery,TextilesIndustrial supplies, Consumergoods, Capital goods, Autovehicles, suppliesPetroleum,Roadvehicles,Telecomequip,Industrial machinery
CategoriesIndiaChinaUSAAustralia
How do they compare
Source: Economist, CIAFactbook 

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