Outsourcing Boom, Making our Economy More Strong and Healthy!

By: Avinash Smith

Are you aware of the amount of business that will be generated by 2020 in India and that also by outsourcing? As Per NASSCOM, India will be serving to one fourth of the global engineering services, generating around $40 billion. Emerging as the hottest destination for outsourcing services, India caters to outsourcing services in the area of engineering outsourcing, aerospace design, construction, pharmaceuticals, automotive design and industrial machinery products.

IT and ITes related services are being widely outsourced to India. But now focus is being shifted to construction and industrial machinery. These are smaller market but success ensures that it will make our economy more booming, taking us to a commendable place in the market.

One of the major fields which are emerging as outsourcing services are engineering outsourcing. Unlike IT services, engineering services requires experience and domain knowledge people rather than fresh garduates.Increasing demand of engineering outsourcing is making our economy healthier in terms of per capita income.
Focusing widely on CAD/CAM, India now has to target beyond this, opening the wide gate for engineering works. The engineering talent in India should be promoted and engineering outsourcing should be giving some extra preferences in respect to other services.

Companies from all over the globe are investing in India today. But the Indian companies itself are capable of investing and making the economy more strong and up going. Domestic companies are coming as helping hand in all sectors, either it be engineering, pharmaceutical, BPO, automobile or retail. In each and every sector Indian companies are very much prominent today and will be more in coming times.

By showing the quality and standard of work, Indian companies are proving their worth. The amount of work outsourced proves the effectiveness of Indian companies. The brain which is applied on the engineering outsourcing work shows the technological advancement and work knowledge of Indian companies.

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