The great Indian offshore outsourcing industry is on an upward spree despite challenges being posed by China, Philippines, and Russia. A survey conducted on the global outsourcing market expects India to maintain its low-cost IT skills leverage in the offshore outsourcing market for at least another 30 years. Everest, the surveyor, said India will also retain its low-cost wage supremacy over the US for at least another 18 years.
The good news is that India is aggressively moving ahead with policies aimed at minimizing the adverse impact of wage inflation. Value addition to the relevant workforces along with development of more low-cost offshore locations is something is which India is aggressively pursuing.