Business Process Outsourcing Industry To Create More Jobs

A recent report, released jointly by NASSCOM and Mckinsey, indicates that the business process outsourcing industry will grow at least five-fold by the year 2012. Currently generating revenues in excess of $11 Billion, the report suggests that the industry will cross the $50 Billion mark by the year 2012. The report also indicates that such phenomenal growth will in turn create immense job opportunities, something that will not only benefit the local economy but will also provide businesses a stable environment to carry out outsourcing projects.

There may be several reasons for this phenomenal growth, but if were to identify the most prominent ones, it would certainly include the new measure taken by the various big players in the BPO industry, such as employee welfare, competitive wages and smaller facilities will promote these outsourcing jobs in the year ahead.

Political support as is necessary for the growth of any industry may still be limited, but the good thing is that things have started moving in the right direction. With the government realizing the large revenue and employment generated through these outsourcing jobs, a considerable increase in political support has been realized. Moreover, with SMEs (Small & Medium Enterprises) making their preferences felt for outsourcing, more jobs are likely to be created by the business process outsourcing industry in the coming years.