Some might find this rapid expansion of the Indian economy interesting.
I particularly like the hub-and-spoke 'model' mentioned in the
concluding paragraph.
Barry
http://economictimes.indiatimes.com/
India_to_dominate_global_KPO_mkt_create_18L_jobs/articleshow/
2210760.cms
India to dominate global KPO mkt; create 1.8L jobs
17 Jul, 2007, 1555 hrs IST, PTI
NEW DELHI: India, already known as the back office of the world, will
account for two-third of the global Knowledge Process Offshoring (KPO)
segment that could create up to 1.8 lakh new jobs here by 2011, a new
study has said.
The worldwide KPO market is expected to grow to 16.7 billion dollar in
revenues by 2010-2011 at an annual growth rate of 39 per cent. Of this,
India would account for 11.2 billion dollars, according to the study by
business research and analytics firm Evalueserve.
The industry would employ about 3.5 lakh professionals by March 2011
globally. This includes nearly 2.55 lakh in India, where only about
75,400 people are currently employed.
According to Evalueserve, the KPO industry in India had only 9,000
billable professionals in India, generating revenue of 260 million
dollars during 2000-01. This number has grown to 75,400 by 2006-07 with
3.05 billion dollars in revenue at an annual growth rate of 51 per
cent.
The anticipated success in KPO comes after the success of Business
Process Outsourcing (BPO) in the country, which accounts for revenues
of 15.8 billion dollar in 2006-07, a jump from just 7.7 billion dollar
in 2003-04.
This huge growth in the global KPO space would be driven by the vast
pool of educated and experienced professionals in countries like India,
China, Russia, Poland, the Philippines, Hungary and many republics from
the erstwhile Soviet Union, California-based Evalueserve's Chairman
Alok Aggarwal said.
It is quite likely that companies -- both with their own captives and
those using third-party vendors -- may use a "hub and spoke" model in
which a provider in India may constitute the "centre" whereas other
units in the world may provide appropriate "spokes", Aggarwal said._______________________________________________
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