Why India is a Favorite Offshore Software Development Destination

India’s share of the global offshore software development market is nearly about 44%. India exported IT and ITeS services worth more than $40bn in the year ended March 2008, a rise of nearly 20.65% over the previous year. STPI director general, N Krishnan, said the all-India tentative IT/ITeS exports stood at Rs 2,04,662 crore in 2008-09 as against Rs 1,80,155 crore in the previous year, registering a growth of 20.65 percent.

In today’s competitive world, the offshore model is viewed as more than just a TCO (total cost of ownership) factor. It enables companies to excel at their core competencies while delegating/outsourcing the other non-core aspects of the business to an outsourcing partner. The offshore, outsourcing model truly enables an ecosystem where everybody wins including the company, outsourcing vendor and most importantly, the customer.

Besides cost savings, other benefits include forming virtual teams with exceptional portfolio of workers from around the globe; ability to operate a business network with surety of maintaining the compliance of set standards; increased productivity as a result of having focused professionals working for a considerably lesser payout; and saving up on logistics, infrastructure, taxations, specialized resources and management manpower and costs.

What makes India different? India is the only developing nation in the world whose economy’s structure is similar to a developed economy structure. India generates 52% of GDP from services and that’s quite a unique thing. The primary reasons for this economic structure is the political, cultural and educational infrastructure India has developed over last 60 years.

The government of India has enabled an ecosystem including policies and political environment, which has been helpful in improving the infrastructure as well as communication required for offshore software development services. The government has been a great supporter for software firms by providing the basic infrastructure required for an outsourcing company to thrive thus playing a major role in contributing to the success and well-being of IT outsourcing to India.

On the cultural level, being a democratic and tolerant culture; Indian social framework has inculcated the basic ingredients required to provide effective services. As the base of Indian society is primarily based on co-existence with others, it’s natural when it comes to extending services to companies all over the world.

On the educational aspect, India has huge reserves of highly qualified and English speaking workforce with minimum education as bachelors and masters. The IT professionals are highly skilled and qualified in their respective streams. Some of the Indian universities are ranked among the top schools in the world.

With the internal market booming and the very favorable environment for offshore, outsourcing software development services; Indian software and BPO segment is expected to grow at a rate of more than 16 per cent to become a 132 billion-dollar industry by 2012.

Custom Software Development for Flourishing Businesses

There are professional services to help businesses to boom from every aspect. In all these years leading software development companies have taken care of web development for on-site models to better develop cost-effective software and do their best in every project undertaken. This can have a global appeal or work for a specific organization. Most globally acclaimed organizations prefer custom development of a software to better meet their standards and solutions that they propose to offer to their clients.

Customized Solutions

The software development company works in successive phases with a systematic work module designed and prioritized for different businesses. With a custom solution offered, software is developed for selective clients as per specific requirements to deal with any given project. A software development company may include web development for internet and intranets or web application development and offline modules of software development. Web development company typically takes care of different aspects of development which comprises of a work plan with clearly listed goals and different phases of development including project prototyping, design, pilots, programming, testing, installation and maintenance services.

Software professionals work across different market vertical platforms from accounting to education and from online shopping to hospitality management. There is rapid development of all web-based technologies and standalone applications to work for organizations according to set requirements and design to help generate better returns to the investments made by clients. Most of the facilities available across the globe offer 24 hour production and development with troubleshooting on a periodic basis for the software to run successfully in near future. The experts have years of experience in bringing quality development and deliver solutions that exceed customer expectations.

The Stages of development include:-

  • Customized programming which is module based and tailor-made to suit requirements.
  • Flexible software implementation to support existing products or a given functionality.
  • Integration with flawless development of business application as per need.
  • Modification of existing system to work and become compatible to the integrated system.
  • Improving upon the business application development through constant monitoring and maintenance with new technology implementations.
  • Software localization
  • Usability analysis including task analysis, online surveys and review analysis
  • Testing and MSI installation.

Custom software development is more diversified today in bringing in services to clients and working across market vertical platforms. Custom software development services are flexible to changing business trends and in turn increases profits for businesses with guaranteed satisfaction and higher productivity thereby maximizing revenues and better returns.

Software Development and IT Services Are Not Just For Information Technology!

A large number of people are involved in software development to a variety of industries and services. There is no limit to this profession since the advent of computers and the Internet. Some of the most prominent IT outlets for the software specialists are financial services, banking, archives, federal agencies, governmental offices, and public services. The profession is not limited to this alone and can be seen active in many other areas or disciplines that include commercial activities, education, entertainment, travel and transportation etc. It is of interest to delve into the activities of contracting and contract vehicles that control the management of our financial and legal sector as this is quite significant in the governmental agencies who deal with a large number of companies and organizations in the course of governance.

Many organizations have evolved in providing services of information technology to the Government and as such have become authorized bodies for various federal and state departments all over the nation. The job of managing such affairs that are always open to the public domain and criticism is quite difficult and requires a great deal of ethics and comprehension. The legal needs of such organizations are therefore vast and they must be fully aware of the various laws and procedures in serving contractual obligations of any Contract Vehicle.

The professional organization that deals with contract vehicles is obviously interested in having the most qualified ethical staff that they can get for the type of services they are engaged in. Consequently the people who work in such companies providing database services to the governmental agencies need to be highly competent and knowledgeable and must be chosen with care. The training imparted by the Information Technology agency has to be of premier quality and consistent output. Come to think of it, the job requires more or less the same acumen as in the legal profession and it can be truly equated to that level of expertise and integrity. In conclusion, if you find a certain company retained by the government agencies the trust level must be very high and that IT Services or software development organization must be placed on a fairly high pedestal within the Government circles.