Offshore Services: Maximizing the Benefits For Financial Institutions
Successfully Managing Multiple Suppliers
Take it With You
India is the most common destination for offshore IT services. It’s the major offshore hub because of its combination of low-cost labor, English-speaking expertise, high process maturity, developed infrastructure and rapidly decreasing communications costs. Of financial services firms transferring functions offshore, nearly half are targeting India, which has a huge market of operations and IT professionals who earn much lower wages than similarly skilled employees in G8 countries. Because of the huge amount of the services trade and brain arbitrage, India will become the United States’ primary trading partner in South Asia.