Ten BY TEN. India's IT & BPO Outsourcing.
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The Indian information technology and business process outsourcing industry is poised to grow ten-fold by 2010, according to a report released Tuesday.
While Indian companies will continue to maintain their 46 percent share of the global business processing outsourcing (BPO) market and 65 percent share of the IT outsourcing market through 2010, the combined market is estimated to grow from the current level of $30 billion to $300 billion by 2010.
These two sectors of the Indian economy will earn $60 billion in exports by March 2010, an increase from 3 percent of gross domestic product to about 7 percent, according to a report by the Indian software trade association Nasscom and global consulting firm McKinsey.
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