Revenue from domestic BPO services to touch $1.6 bn in 2014
India's domestic business process management services segment is expected to achieve a revenue of USD 1.6 billion by 2014 from USD 521 million in 2009, according to research firm Gartner. Gartner has forecast that revenue from BPO services within the domestic market will grow by 31.1 per cent from USD 521 million in 2009 to reach USD 683 million in 2010 and experience steady growth through 2014 to touch USD 1.6 billion by 2014.
IT, BPOs bring in 14% of state GDP
India’s IT and BPO industries together ($64 billion) account for 6% of the GDP, up from 1% a decade ago. In states where its presence is significant — like Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra and Delhi — its share in state GDP is much higher, at 14%. Revenues of these sectors will rise to $360-$375 billion by 2020, when it will account for 10% of Indian GDP, Nasscom president Som Mittal said on Wednesday.
Smaller cities lucrative destinations for IT, BPO Firms
Driven by lower operating costs and incentives in the form of tax holidays and subsidies by state government, smaller cities like Jaipur, Chandigarh and Mysore have emerged as lucrative destinations for IT and BPO firms.
According to the Q2 report by Everest Group on global sourcing, IT and BPO companies are looking at tier II locations in the country to support global delivery.
Top 20 Indian BPOs' export revenue at $6 bn in FY '10: Survey
The combined export earnings of the top 20 Indian BPO firms grew by 15 per cent to touch USD 6.1 billion in the 2009-10 fiscal, according to a survey. Though marginally lower than the growth of 17 per cent achieved in the 2008-09 fiscal, export revenue of the top 20 BPO firms grew twice as fast as that of the top 20 IT firms, which witnessed an increase by 7.
TN promoting rural BPOs
As part of its policy to take the IT sector to rural areas, Tamil Nadu government is holding talks with various companies and colleges for setting up of Rural business process outsourcing centres.
The government recently unveiled its ambitious rural business process outsourcing Policy, unveiling an incentive-based approach to encourage establishment of BPOs in rural areas.
India's domestic business process management services segment is expected to achieve a revenue of USD 1.6 billion by 2014 from USD 521 million in 2009, according to research firm Gartner. Gartner has forecast that revenue from BPO services within the domestic market will grow by 31.1 per cent from USD 521 million in 2009 to reach USD 683 million in 2010 and experience steady growth through 2014 to touch USD 1.6 billion by 2014.
IT, BPOs bring in 14% of state GDP
India’s IT and BPO industries together ($64 billion) account for 6% of the GDP, up from 1% a decade ago. In states where its presence is significant — like Karnataka, Tamil Nadu, Andhra Pradesh, Maharashtra and Delhi — its share in state GDP is much higher, at 14%. Revenues of these sectors will rise to $360-$375 billion by 2020, when it will account for 10% of Indian GDP, Nasscom president Som Mittal said on Wednesday.
Smaller cities lucrative destinations for IT, BPO Firms
Driven by lower operating costs and incentives in the form of tax holidays and subsidies by state government, smaller cities like Jaipur, Chandigarh and Mysore have emerged as lucrative destinations for IT and BPO firms.
According to the Q2 report by Everest Group on global sourcing, IT and BPO companies are looking at tier II locations in the country to support global delivery.
Top 20 Indian BPOs' export revenue at $6 bn in FY '10: Survey
The combined export earnings of the top 20 Indian BPO firms grew by 15 per cent to touch USD 6.1 billion in the 2009-10 fiscal, according to a survey. Though marginally lower than the growth of 17 per cent achieved in the 2008-09 fiscal, export revenue of the top 20 BPO firms grew twice as fast as that of the top 20 IT firms, which witnessed an increase by 7.
TN promoting rural BPOs
As part of its policy to take the IT sector to rural areas, Tamil Nadu government is holding talks with various companies and colleges for setting up of Rural business process outsourcing centres.
The government recently unveiled its ambitious rural business process outsourcing Policy, unveiling an incentive-based approach to encourage establishment of BPOs in rural areas.
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