Offshoring to India has been growing steadily over the past decades. Whether you’re a startup looking to scale up, an established company aiming to optimise operations, or a multinational corporation, India has something unique for everyone.
Read on to learn more about the upside of offshoring to India and why it e https://nobuyuki-shirai.com could be the right choice to help your business expand and succeed in today’s global economy.
India: staying ahead of the game
Statista’s 2021 survey revealed that India, thanks to its financial appeal and abundant skilled workforce, was the most sought-after destination for offshore software development.
The country’s benefits and top-tier talent attracted some of the world’s biggest giants like Microsoft, Ford Motor Company, and American Express.
India brings a one-of-a-kind set of advantages to the table that can turbocharge your operations and help your existing in-house team. In the following sections, we’ll dive into why India tops the charts as the go-to spot for offshoring.
Cost-effectiveness
One of the most significant advantages of offshoring to India is the significantly lower labour costs compared to Western countries.
The average hourly wage for an IT employee in India is around $25. Compare this to $55 in the United States, and it’s easy to see how offshoring to India can cut costs.
Additionally, India offers:
- cost-effective infrastructure, including office space and modern facilities
- favorable tax incentives and pro-investment government policies
- reduced operational expenses and enhanced profitability
- lower cost of living for employees, benefiting both employers and offshore teams
Highly educated workforce
India has a vast and highly educated workforce. The country produces over 2.6 million STEM graduates each year!