Growth of Outsourcing Industry in India

The emergence of the information and high-tech economy has resulted in the expansion of the service sector and redefined notions of time, space, distances, boundaries and borders on the global stage. It has changed the global economic, social, cultural and political environment and the nature of global interaction. In recent years, however, new communications technology and over investment in telecommunications infrastructure has made the long-distance transfer of information realizable and extremely cheap.Outsourcing is considered a strategy that allows companies to concentrate on core business.Outsourcing has significant impacts on the shift of services, production, capital, and technology all over the world.