Why India Matters
Outsourcing to India offers several obvious benefits, but none more important than its social impact.
Outsourcing to India offers several obvious value propositions to US companies: low cost, reliable delivery, access to alternate talent, and stable workforce.
But why it really matters are the social impact and moral benefit to your business. Managing the realities of a shrinking labor pool in the US by offering jobs to people in a country with a third of the world’s poor transcends the typical business motives. This is a value proposition of karmic proportions.
India is about 1/3 the size of the US...
...yet has 4 times the population.
India is the world’s largest democracy.
43.5% of children in India under the age of 5 suffer from malnutrition.
India has the second largest English speaking workforce in the world.
In the next 10 years, the population of people 65 and older in the US will increase by 37.8%, but the population of those 18 to 64 will rise by only 3.2%.
In the next 15 years, there will be 47 people collecting benefits for every 100 workers in the US, up from 29 in 2000.
77 percent of US companies have difficulty filling open positions due to a shortage of available talent.
85 percent of US employees surveyed would leave their current job for a new one.