India remains the top global offshore outsourcing destination today. However, China is catching up fast on the back of strong governmental support, says reports.
Having the right combination of cheap resources and robust technology infrastructure for an offshoring destination, India is expected to pick up the lion's share of global offshore spending on IT services and is predicted to touch $50 billionn by the end of 2007.
In about five years, India will face increasing competition from Brazil, China, Mexico and the 'nearshore' eastern European countries like the Czech Republic, Hungary, Poland, Russia and Philippines.
Does India have the potential of fighting its contenders? Is it equipped enough to beat its competitors hollow? What measures does it need to take to surge ahead as the biggest outsourcing hub despite the odds?
Do you think China will give India a run for its money? What should India do to consolidate its outsourcing business in years to come?