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Business EconomyPosted at: Sep 22 2020 2:55PM


COVID-19 may increase outsourcing to India

Mumbai, Sep 22 (UNI) About 20 percent of US companies have plans on outsourcing key divisions of their businesses to India against the backdrop of corona effect observed Steven Czyrny, Founder, US based global market research firm The Analyst Agency said.
In a release issued here today, he said “India has a population of about 138 crore. Out of which, about 75 per cent or about 100+ crore are said to be in the working-age. The Analyst Agency caters to Off-site construction, Manufacturing, Financial Services, Business Management Consulting. With such a huge young and talented work force ready, India has emerged as the favorite outsourcing destination for companies planning to shift their business processes outside which gives India a boost and a ray of hope for International companies planning to shift their operations from China to India.”
The global size of US dollars within business outsourcing is over 100 Billion USD, with lots of it to be moved from China to other markets and India is one of the focus markets we feel strongly about. With a skilled labor force in financial outsourcing and technology, India is growing into having more skilled business minds and The Analyst Agency will work with them to help companies in North America expand to India and vice versa.
“The Analyst Agency” has further observed the significant paradigm shift in the perception of international businesses towards India. The current environment provides huge opportunity for India to chart a new course towards being an international trade powerhouse thus creating unparalleled job opportunities for Indian youth.
The coronavirus pandemic has caused change in global power dynamics, leaving India with opportunities that are ripe for the taking. Lot of international businesses are now looking to shift their businesses from China to other countries with India being perceived as a strong candidate to set up their new bases in Asia.
Looking at this opportunity, headquartered in Buffalo, USA & with presence in Toronto, Canada, premiere market research firm, The Analyst Agency, are offering market research and business development expertise to these companies to research the right strategies that take advantage of investment opportunities in the US and Canada because of their healthy ties with them.
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