India deserves the main justification for establishing Knowledge Professional Outsourcing (KPO) across the world. He predicts various reasons for it to be favorable to sustain in the business economy of India. Previous research and survey shows that India maintains 3/4 of the KPO industries or companies globally.
Prominent reasons for such possibilities
1. Sociable Indian Government Policies
– Favorable tax and export policies that provide a reliable platform for economic incentives.
– Expansion of business and economic infrastructures in the IT, energy and transportation sectors.
– New plans to enable 2nd class tier cities (such as Gurgeon near New Delhi) into 1st class tier cities along with their progression.
– Establishment of more IT and Biotechnology parks.
– Incorporation of more educational policies in the government budget.
2. Young Indians are more fluent in English than Russians and Chinese
– Indians are influential enough in terms of professional skills to speak English.
– English is the predominant communicative language for the externalization of knowledge.
– India is accredited with-
has. Second largest nation in English-speaking citizens.
b. The world’s largest English-speaking IT talent hub, according to the NASSCOM report.
3. Splendid educational system
– Preeminent institutions are available for
has. Engineering and technology (IT and biotech) studies (IIT and NIT), management and business studies (amazing B-schools and IIM).
b. Government Controlled national institutes and some famous private institutions of law, research and development studies, such as pharmacy, health management, life sciences, commerce, etc.
– Engineering and Science graduates with a background in Mathematics and Applied Science are numerous in India.
4. More IT graduates and moderate labor costs
– India generates a large number of well-qualified science and IT graduates every year.
– Labor costs are moderate compared to China, Russia and the Philippines.
5. KPO investment in India is more lucrative for US and European countries
Because,
– Indian KPOs provide high quality work at affordable prices.
– Frequent availability of talented and profitable human resources.
6. Most Trusted Agencies and Data Hacking in India
– NASSCOM, Government. Assisted agencies and some private companies have taken significant steps to make an information system more secure in relation to intellectual property rights and data hacking.
– Most of the companies have been accredited with the ISO 9000 standards for their Quality and Secrecy management.
7. Emerging entrepreneurs and sustainable development of innovative business strategies in India.
8. India is an optimal hub for “reverse brain drain.”
9. Good relationship between Indian companies like BPO, KPO, HRO, MBPO and RPO.
10. Most multinational companies have a positive attitude towards the Indian business economy.
