Outsourcing to India

India's offshoring industry took root in low-end IT functions in the early 1990s, and exploded in the late 1990s when massive demand for technical talent was required to solve the Y2K problem. Throughout the 2000s, India's outsourcing industry — both business process outsourcing and IT outsourcing, has grown steadily. India has a large pool of English-speaking and technically-proficient people. As a result of India's offshoring boom, India has seen double-digit wage growth for much of the 2000s. Consequently, Indian's operations and firms are concerned that they are becoming too expensive in comparison with competition from the other offshoring destinations. They are now attempting to branch out and diversify to other high-end work in addition to software and hardware engineering. These jobs include research and development, equity analysis, tax-return processing, radiological analysis, medical transcription, and more.