BPO in India is growing at a remarkable rate. Outsourcing to India is not seen as just another management fad but as a case for success stories on cost savings and productivity enhancements for corporates especially in the US and Europe.

The good news is, it will continue to grow at a rapid pace. We have just touched the tip of the iceberg. An analysis by McKinsey & Co. shows that the IT--Enabled Services (ITES) market, the Indian terminology for BPO, is likely to touch $142 bn in 2009. This is against the cost of $532 bn for these services. The difference of $390 bn is the net saving the US economy can expect from offshoring. And India will have a substantial share in the global BPO movement.

A joint study by Nasscom and McKinsey estimates revenues from BPO to touch $17 bn and provide employment to 1.1 million people in India by 2008. Venture capital funding worth $300 mn has already been made in ITES/BPO companies in India during 2002.

BPO,Business Process Outsourcing,cost saving,productivity, developed markets,company, returns,resources,investments, developed countries, IT enabled services, Over the last decade, Business Process Outsourcing (BPO),established tool, saving and productivity enhancement for developed markets.