Future of BPO in India

Published by admin on February 2nd, 2008 | Tagged Business

What is the future of the BPO (Business process outsourcing) in India?

The business of BPO in India will be booming in the future since there will be five -fold growth over the next 5 years.

According to a study, ‘Roadmap 2012 - capitalising on the expanding BPO landscape’, conducted by Nasscom and Everest Group,the revenue of the Indian BPO industry may touch $ 50 billion and this will add 2.5 % to the Gross Domestic Product.

Currently,the sector employs 7 lakh people, from various countries, and has annual revenue of about $ 11 billion.

In the times to come, the domestic BPO market will also show an impressive growth.The revenue may touch $ 1.6 billion by 2008.

Over the next 5 years the BPO industry will give employment opportunities to about 2 million people.

I must say that this is really good news because the BPO industry has a bright future even when there is recession in The US. This huge growth in the BPO sector will be good for the overall development.