As many as 350 million people in India speak English, and this figure continues to rise. India’s success in the outsourcing industry is primarily credited to the fluency with which Indians speak English.
Every year 3.1 million students graduate from Indian universities in a wide spectrum of different professions. From software programming to law and accounts, India caters to the entire job shipping market.
India produces 500,000 engineering graduates annually. In 2008-09, there were 2,297 engineering colleges in India. This is why India is the premier outsourcing destination for software programming and engineering.
India produces 300,000 postgraduates every year.
Nearly 60 percent of India’s population is between the age of 15-59, and more than half below the age of 25. Since the outsourcing industry mostly employs young professionals, India’s young population has an advantage over other destinations.
India boasts of the world’s third largest education system which is only marginally behind the US and China.
IBM, one of the leading job shipping players, employs around 75,000 professionals in India.
Every year, approximately 19 million students are enrolled in high schools and 10 million students in pre-graduate degree courses across India.
In 2009, India had 20 central and 215 state universities. In the same year the number of deemed universities was 100, while 5 institutions functioned under the State Act. The number of institutes of national importance was 13 in that year. There were 16,000 colleges out of which 1800 were exclusively meant for women students.
The IITs enroll about 8000 students annually, and the alumni have contributed to the growth of the private and public sectors, as well as job shipping of different kinds, including engineering, KPO, etc.
The total number of private and government medical colleges in India is 275. The medical outsourcing sector is likely to witness a sharp growth in the years to come.
In India, IT and ITES-BPO professionals have grown from 284,000 in 1999-2000 to 2.23 million in 2008-09 (excluding employment in the hardware sector) – a growth of 10.9 percent year on year.