If you've never heard the term Chindia before, it refers to China-India. In the case of outsourcing, they are currently a powerhouse, leading the world in technology-based outsourcing. But, what makes China and India such powerful players in the technology outsourcing market? In this article, I will attempt to explain why they're currently at the top of the technology field, and why they are making such an impact in the realm of technology outsourcing.
China and India are the two most populous nations in the world. Together, they make up close to 40% of the earth's total population with a combined total of about 2.4 billion people. When you add the fact that India and China are producing some of the best trained computer science, and electrical engineering graduates, and they can be hired for a lot less than their Western counterparts, you have a technology outsourcing bonanza.
China and India are able to offer their technology outsourcing services at a lower cost to companies in America, Europe, Australia and Asia. But low cost does not imply low quality. On the contrary, both China and India are becoming innovators in both software and hardware development.
In the past, the main focus of Chindia's outsourcing was low cost manufacturing, and low-cost services. But with China and India taking on leading roles as technology innovators, and with hundreds of thousands of highly educated, highly trained computer scientists and engineers at their disposal, the impact that they are having on the technology outsourcing field can no longer be ignored.
Technology outsourcing to China and India will continue to grow in the coming years. The floodgates have been opened and won't close any time soon. As long as China and India continue to provide quality, low cost, technology outsourcing services, companies in America, and other Western countries, will continue to see the benefits of outsourcing their IT to Chindia.