Just the Facts: The Next Wave

by Tom Carroll

Dispensing with all the commentary:

The next wave (From the Economist Dec 17, 2005)

Investments in India by Large Corporations

  • Microsoft $1.7 Billion over 4 years.
  • Intel $1 Billion over 5 years.
  • Cisco $1.1 Billion.

The number of people recruited per month by Infosys, Tata, and Wipro: 1000

J.P. Morgan Chase planned number of employees in India: 9000

Exports From India’s IT industry and Business Process offshoring:

2005: $17 billion

2010: $60 billion (estimated)

India’s Market Share:

Offshore IT Services: 65%

Business Process Offshoring: 46%

Amount of Money spent on Legal Services World-wide: $250 billion

Cost per hour for an American Lawyer: $300

Indian firms can reduce legal bills by: 75%

India Produces:

2.5 million graduates per year,

200,000 are engineers.

India has:

28% of the global available workforce,

compared to,

China’s 11%.

Indians working in Business Process outsourcing:

2005: 700,000

2010: 2.5 million (estimated)

Qualified Indian graduates between 2005 and 2010: 1.05 million

The additional amount of office space needed in India by 2010: 14 million sq meters

If you find these tidbits interesting you should read, The World Is Flat: A Brief History of the Twenty-first Century By Thomas L. Friedman.