Ramkumar Ramamoorthy, partner at Catalincs, a Chennai-based tech growth advisory firm, said the first reason was that Covid pandemic showed that work could be delivered from anywhere in the world. “Second, India has emerged as the largest powerhouse of digital talent, especially cloud, data analytics, AI and cybersecurity.”
And the more important reason is “the increase in large deal signings—especially with significant productivity gains built in—has pushed companies to move more work offshore to protect or increase margins,” Ramamoorthy said.
