Why Indian Software Developers are the best value for money in the world of outsourcing?
Outsourcing technology projects is a strategic decision made by many organizations. The choice of the company deeply impacts the quality as well as the budget of the projects. For this reason, many companies opt for outsourcing software development to India. This fact is worth the attention of tech experts, and we would like to explain the reasons for it in detail.
Why will outsourcing get even more popular?
Even in pandemic times, companies have high pressure to implement new technologies like AI, RPA, cloud, or microservices. At the same time, businesses face the problem of a continuous talent shortage.
This puts companies into a situation where they need to continue making transformational changes in a more unpredictable environment and with limited resources. This, in turn, leads to increased caution when making decisions. The temporary market risks are forcing various companies to look for options with a higher value for lower prices. That’s why outsourcing software development is a popular solution.
A recent report on global outsourcing published by Deloitte confirms that.
According to the above survey, based on interviews with leading executives, cost reduction once again became the main factor behind outsourcing decisions in 2020. It’s worth mentioning that, compared to the 2018 report, the approach now is a little bit different from when it was moving away from just a cost reduction perspective back then. The idea was to focus on enabling speed to market, faster scaling, improving the user experience, and building a competitive advantage. This may not be surprising, but it sheds new light on current decision-making processes.
Why are outsourcing developers to India is so attractive?
As you may expect, choosing a reliable supplier starts with deciding which region will be the most attractive from a business perspective.
Let’s look at some interesting facts and conclusions based on that report.
India, when compared to other regions, has developed a great range of tech specializations. But what’s more interesting is that this region moves toward newer technologies as opposed to focusing on mostly PHP/MySQL or Java. For example, India has relatively many experts in Python. This language provides more compelling opportunities for forward-looking businesses.
It’s also interesting that many newer enterprise technologies like the Dot Net core have become quite popular in India. These technologies are also well accepted in the various enterprises across the country hence getting proficient certified developers is not tough for the Staff Augmentation agencies.
Not every country can boast about having as many skilled software developers as India. Thanks to data on Stack Overflow, it was possible to count the number of Indian Developers. In 2017, there were over 250,000 and they accounted for 25% of all developers globally. This goes to show what a great selection of programmers and their skills is available in India.
However, their skills are not limited to technical knowledge. Indians are also known for their good command of the English language (Which is the second most spoken language in the country just after its National language Hindi).
Education rankings & a great talent pool of IT graduates
Another impressive fact relates to the education system of a given country. According to the United Nations, India received a high acceptance in the field of technological education, which is to be credited to the mature and reliable educational systems being available there.
Additionally, it should be noted that the Government’s Education System also measures skills such as reading, mathematics, and science. So mostly the Indian Developers are better in subjects like Maths, Science and English which automatically adds in their aptitude making them more street smart than developers from other regions.
In India, access to education is affordable compared to the western countries. This, combined with many technical courses on offer at universities, ensures a constant influx of proficient graduates on the job market.
It should also be noted that most Indian IT students are eager to start their careers much earlier. They gain their first experience while studying, and after graduating they already have practical experience too.
Indian IT ecosystem
If the IT community in a given region is strong, it offers more opportunities for building professional outsourced teams. But what exactly does a great IT ecosystem consist of? Here are some examples:
- Close cooperation between universities and IT companies, e.g., job fairs or recruitment options.
- Possibility of meetups and events that enable networking between software professionals, investors, and entrepreneurs.
- Access to local capital investment in start-ups.
India can proudly say that all of these are possible in their region.
Start-up hubs in India
The start-up scene in India has developed in recent years. The top start-up cities have become: Bangalore, Mumbai, Delhi-Gurgaon, Hyderabad, Chennai, and Ahmedabad.
What’s more interesting is that the Government reported that more than 50% of start-ups are established in the ICT sector. These numbers simply confirm that Indians have even more opportunities to develop their skills in the ICT sector.
Indian Service providers like Fortune Infosys take data privacy laws and GDPR quite seriously due to their focus on USA and EU regions. Also, the Indian IT law regulations are quite strict with its laws and most of the rules and guidelines follow the USA and EU-based data privacy standards.
IT industry is the major contributor to the country’s economy and it’s growing its share every year
According to the statistics, the IT sector in India is responsible for generating 8% of the country’s GDP and 52% in the export segment as service. The future of this industry also seems to be promising. The annual growth rate of companies from the ICT sector is more than 10%, and there is nothing to suggest that it will deteriorate.
Based on this, we can assume that programmers from India can gather sufficient experience in different projects thanks to such development. As a result, companies can hire senior developers from there with solid backgrounds.
Value for money
Indian developers’ skills are recommended all around the world, on forums, and at tech events. By working with them, you will have the access to high-quality IT professionals for a quite reasonable cost compared to the prices you will have to pay in the West. Hourly rates are still comparatively advantageous for companies from the US, UK, or Germany.
India being a large country with a diverse culture that treats every culture in the world equally, the developers from India are more polite & flexible in terms of adaptability compared to developers from many other countries. Most of the Indian developers are sincere in their work and full of hard-working attitudes.
These are some great points that will help you to decide if you want to outsource your projects or hire an offshore team.
After reading all the above, you now know the reasons why Indian developers have become leaders in the software outsourcing Industry. Added to that experience of programmers and a continuous influx of new graduates, it’s the perfect place to plan long-term cooperation with outsourcing companies.
In light of the growing talent shortage in tech roles, it’s wise to choose a reliable partner for software outsourcing from well-tested regions. This will ensure the continuity of your business and the implementation of the newest technologies, even with limited resources.
Would you like to know more about the above or looking to hire some remote team members for your team? Then Fortune Infosys will be the perfect partner to find and hire team members for you. We are quickly becoming the favorite Offshore Staff augmentation partner for our clients.
To know more just drop an email to firstname.lastname@example.org or call us at +17329934151