Outsourcing in the Philippines flourished after Manila replaced Mumbai

Posted by: Monika Spolia in Biz, Blog, News, News, World March 6, 2017 981 Views

Outsourcing in the Philippines is flourishing after
Manila replaced Mumbai

The future of business process outsourcing (BPO) is now leaning toward the tropical shades of Philippines. Outsourcing industry is considered as one of the growth drivers of this country. Philippines are easy going, fun loving and hard working individuals.

Following India’s lead, English is also well comprehended in the Philippines. Their quality of being well versed in the English language renders them more employable.

Manila took over Mumbai’s spot as world’s 2nd outsourcing city in 2014. IT-BPO industry is growing as second largest source of income and is bound to soon overtake overseas Filipino workers remittances by 2017.

BPO Industry also drives demand for office space which is good for real estate market and infrastructure.

Though there are a lot of existing and growing companies in the Philippines, the foreign investors are still fond of establishing outsourcing companies because of the employ-ability of Filipinos and the ease of English language.

However, the overall population of Philippines is fas less than that of other large outsourcing countries like India and China. So, Philippines is in the outsourcing race but let’s see how far it will go. Rebuilding of the country as the sidelines is a plus.