India BPO is Ready for 2005

HindustanTimes.com/UK reports India outsourcing companies and BPO companies are poised for a good year as outsourcing fears subside in the US.

NASSCOM estimated that the industry, including domestic, will see revenues cross $20 billion in 2004-05 with services and software exports growing at 30-32 per cent to record revenues of over $16.3 billion.

The first two quarters of 2004-05 have been extremely good for the top three software exporters - TCS, Wipro and Infosys. Their topline started growing handsomely reminding of the heady days of 1999-2001. In fact, all of them have projected liberal growth for 2004-05 .

With the topline, the number of employees of the IT companies also grew. Many unveiled plans to hire thousands in the coming quarters.