India, which has already established itself as a global BPO hub, is fast becoming a popular outsourcing destination for major manufacturers across the globe.

Global auto makers, such as Ford, GM, DaimlerChrysler and Volkswagen, have opened IPOs in India. This alone could translate into a $15-billion market potential for India.

Riding on the outsourcing wave, the Indian auto component sector is on a roll and, for the first time, its exports have reached the $1-billion mark.

Companies in Europe and the US are aware that the Indian IT industry provides quality services at highly competitive prices.

With the West coming out of the post-9/11 slowdown, the Indian BPO industry is regaining jobs.

The good part about the outsourcing segment in India is that it's not only the cost, which attracts the global audience, but the high quality services that are rendered.