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Business process outsourcing to India refers to the business process outsourcing services in the outsourcing industry in India, catering mainly to Western operations of multinational corporations (MNCs). As of 2012, around 2.8 million people work in outsourcing sector. [1] Annual revenues are around $11 billion, [1] around 1% of GDP. Around 2.5 ...
India, China and the Philippines are major powerhouses in the industry. In 2017, in India, the BPO industry generated US$30 billion in revenue according to the national industry association. [209] The BPO industry is a small segment of the total outsourcing industry in India. The BPO industry workforce in India is expected to shrink by 14% in 2021.
Impact sourcing, also known as socially responsible outsourcing, refers to an arm of the business process outsourcing (BPO) industry. It employs people at the base of the pyramid or socioeconomically disadvantaged individuals as principal workers in BPO centers to provide high-quality, information-based services to domestic and international clients. [1]
The economic impact has been immense; India has grown it on-demand outsourcing services to over 38% as per 2010. Over 400,000 people are now employed in outsourcing services in India according to the Pricewaterhouse Coopers Survey 2012. In addition, the growth in Europe has led to increasers employment opportunities and overall growth in GDP. [9]
Outsourcing Comparison Study South-East Asia: China, India, Vietnam 2011-2012. "More Support to Push Reshoring". Coventry Evening Telegraph. October 28, 2013. [dead link ] Annie Baxter (March 13, 2012). "Factories 'Reshore' Some Work From Overseas". All Things Considered. National Public Radio; Adam Belz (January 13, 2013).
India's Commerce Minister Kamal Nath said that India may move against Obama's outsourcing policies at the World Trade Organization. [ 146 ] In May 2009, Obama reiterated his anti-outsourcing views and criticized the current US tax policy "that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in ...
The view that language diversity is just as important as genetic one has been endorsed by the Linguistic Society of America, with a statement from 1994 saying: "The loss to humankind of genetic diversity in the linguistic world is . . . arguably greater than even the loss of genetic diversity in the biological world, given that the structure of ...
Moral outsourcing refers to placing responsibility for ethical decision-making on to external entities, often algorithms. The term is often used in discussions of computer science and algorithmic fairness , [ 1 ] but it can apply to any situation in which one appeals to outside agents in order to absolve themselves of responsibility for their ...