My good source is a July 2010 report by the Indian Brand Equity Foundation (IBEF) on the Indian Information Technology Industry. On the website, it is given than IBEF is a joint-sector institution that was founded by the Ministry of Commerce and Industry in association with the Confederation of Indian Industry. Its function is "to effectively present the India business perspective and leverage business partnerships in a globalising market-place."As per the report, India's IT-BPO (Business Process Outsourcing) industry is expected to grow at a rate of 15.5% in 2010. Moreover, investor confidence is rising and more favorable initiatives are being taken by the government. According to a report by the Internet and Mobile Association of India and market research firm IMRB, the number of active Internet users increased from 42 million in September 2008 to 52 million in September 2009, indicating a 19% annual growth rate. IDC, a well-known Indian company, states that the number of PC sales went up 33% in 2009. From January-March 2010, desktop sales went up 18% and notebook sales went up 72%. After supplying the reader with this reliable data, the report invites foreign companies that are looking to outsource their "back-offices," to consider India for its low-cost advantage, financially-attractive location and availability of skilled people. The report then goes to list some prominent Indian companies that have signed outsourcing contracts with foreign businesses and examines how both parties have gained from this collaboration. As per a study by Springboard Research titled 'Epicenter of Growth–Indian Enterprise Networking Equipment Market Report' released in December 2009, the domestic market for enterprise networking equipment is estimated to grow 15% between 2008 and 2012. The IBEF report then lists some foreign investments in India as well as government initiatives, such as the Technical Advisory Group for Unique Projects (TAGUP), National Taskforce on Information Technology and Software Development, tax-exempt Software Technology (STIs) and Information Technology Investment Regions (ITIRs). Furthermore, the growth of IT is causing new opportunities to emerge in areas such as healthcare and the public sector.
In general, this source provides a wealth of information to foreign companies on why they should invest in and outsource to India. It cites each study from where it procures its statistics. Also, since it is partly run by the Indian government, it is quite credible.
http://www.ibef.org/industry/informationtechnology.aspx
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