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%
2.5 million graduates per year,
200,000 are engineers.
28% of the global available workforce,
Indians working in Business Process outsourcing:
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.