admin Nov 25, 2009 No Comments
India is all set to become the most preferred destination for Knowledge Process Outsourcing (KPO) as it grows to touch the $17 billion mark by 2010, says the Confederation of Indian Industry.
In its recent study-‘India in the new knowledge economy’-the CII had said that the services sector would grow at a more than eight percent and its contribution to GDP would be above 51 percent. The study affirmed that India’s transition from being a Business Process Outsourcing (BPO) destination to a KPO destination was imminent.
Areas with significant potential for KPO include pharmaceuticals, biotechnology, technology, legal services, intellectual property, research and design, and development of automotive and aerospace industries. According to the study, India could emerge as a global KPO hub as the business requires specialized knowledge in respective verticals and the country’s engineering and technical institutes are geared to address the manpower demand.
Everyone ranging from CAs, MBAs, lawyers and now even doctors are heading towards KPO. So what would drive the brains to KPO?
At present KPO offers an alternate career path for the educated. They pay more and the working hours are more civilized. To top all this up there is no need for speciation, a MBA degree or a plain medicine degree does the trick.