Yes, India is one of the Asian outsourcing country. Other country for IT outsourcing Philippines, China and Indonesia.
Outsourcing started way back in the 1700s. Manufacturers started transferring the goods and management of goods to countries with cheaper labor.
what arethe risk of outsourcing
The common benefit in outsourcing is the reduced cost of labor. Typically when outsourcing you are looking for long-term gains by not having to continually hire and train your own team of individuals.
India \
Each country has its central bank that regulates the working of the banks in its country. for Ex: Reserve bank of India regulates banking operations in India
In Offshore Outsourcing Philippines you can find different firms that can provide this service. India, China, Indonesia and other country can provide your company with outsourcing services as well.
The short answer is cheap labor. Cheap, as compared to in-country sources.
India used to be the best country. These days Malaysia for quality and Pakistan for cost effectiveness are rising as strong outsourcing destination. I manage an outsourcing company http://cloudtechteam.com I'm based in Canada and would be happy to help you. Thanks.
YES
farming and outsourcing
The Institute of Internal Auditors still ranks India as the leading country for Fin Services outsourcing. However, they note that China, South Africa and Latin America are gaining ground. Until recently, Sri Lanka was as well, however, political turmoil is very damaging to this form of outsourcing in particular.
Farming and outsourcing
Yes
When a company hires people in Another Country to do work for them, it is called outsourcing.
pretty much, outsourcing is the best thing. if we didn't outsource, a pack of pop rocks would cost much more than 1.09 with tax. (its a product of Spain) some outsourcing is illegal, but that's the other country's responsibility. in my opinion, if the US were to stop all outsourcing, we would sink even deeper into the blackhole of the current economy... so... it would be very bad. you welcome :D But in my opinion it is not so if us sttoped its outsourcing from India it is not going to effect India up to more extenty because its going to provide intechtual base for India itself. the intelligency of the Indian it people are going to be used for Indian companies.so that will be a developing stage for India
Both of them are outsourcing services that deal with software development. The difference between them is that when you say "offshore", it means overseas. So if you avail of offshore software outsourcing, you are outsourcing software development to a different country. When you say onshore software outsourcing, it is still outsourcing but the company you outsourced the software development is within your country.
Financial services in India are services provided to customers related to accounting outsourcing, financial outsourcing an example of such a company is Castleton based it can be contacted at http://www.bookkeepingaccounting.co.uk/ for outsourcing services