What is driving the product development outsourcing segment in India?
Product companies are under pressure to release new versions and new products frequently to the market to keep up with customer demands and beat competitors. This creates a significant need for product companies to outsource their product development activities. If a product company could crash their product roadmap and release versions earlier than planned, they could gain significantly in terms of market share and revenues. But, budgets for product development are fixed and resources are finite. So, the only way a product company can crash their roadmap is to outsource some of their product development activities to an OPD company. This is what drives the product development outsourcing segment. Another source of impetus for India’s product development market comes from US-based Venture Capital firms. These firms are encouraging their portfolio companies to use, or at least investigate product development options in India. Q: How do you view the impact of weak dollar on the outsourci
