Some say that it is the mathematical ability of Indians, noting that India invented the numeral zero. Others point to the cost advantages and timely execution and delivery of software. In truth, these and other factors are involved. Notable among them is the growth rate of the Indian software industry. The compounded annual growth rate over the last five years is nearly 55 percent.
Forecasts show even more dynamic growth in the future.
Outsourcing The changing business environment is demanding new applications. In particular, the spread of client-server computing in decentralized organizations involves the development of applications specific to a user's business. Outsourcing is becoming a strategy for forward-thinking IS managers. It is no longer merely a means for reducing costs but also a tool for adding value to business. It enables organizations to concentrate on their core business, carry out business reengineering, and provide information that is valid, timely, and adequate to assist decision making at the management level and quality and cost control at the middle and lower levels.