Outsourcing

According to research firm Gartner, top six Indian offshore service providers, including Satyam, Wipro, Infosys, Tata Consultancy Services, Cognizant and HCL Technologies, accounted for 2.4 percent of the total worldwide IT services market last year as compared to 1.9 percent of the total worldwide IT services market in 2006.India's top outsourcers have delivered high quality at low cost, and put in place top quality human resources practices that enable them to hire and manage a large number of staff.India's outsourcing business, which includes IT services and business process outsourcing, is likely to see its revenue growth rate fall to about 25 percent this year from an estimated 29 percent in the Indian fiscal year ended March 31.India's top outsourcing companies are expanding their operations in other countries to reduce their dependence on the U.S. market. These companies' share of the total Western European IT services market, for example, moved up from 1.5 percent in 2006 to 1.9 percent last year, after their Western European revenue grew by 51 percent, according to Gartner.