Top 10 outsourcing destinations

The recent slowdown, which is said to be the worst after Great Depression of 1930s, has boosted outsourcing industry. The need to cut costs has become ever more critical after the slowdown which ravaged several big businesses.

Despite political backlash in several European countries and the US, outsourcing has emerged as a pragmatic business strategy. So, which are the most favourable destinations for outsourcing? The countries that global corporations, boarding the outsourcing bus, think of sending their work to.

Gartner has released a list of 10 top locations for outsourcing. While traditional heavyweights, India and China, continue to lead the list, there are number of countries that are emerging as credible alternatives.

Top 10 outsourcing destinations
The 10 criteria on which the ranking is based include: language, government support, labour pool, infrastructure, educational system, cost, political and economic environment, cultural compatibility, globalisation and legal maturity, and data and intellectual property security and privacy.Although India continues to grow in terms of IT services being exported, its relative share of the overall worldwide total has declined as a result.

The country is also starting to face some challenges including wage inflation, local attrition rates, geopolitical issues and financial irregularities, which are opening opportunities for other countries that are also improving their capabilities to target local service demands of more-mature regional Asian clients.