The outsourcing boom in India witnesses a lot of activity during the year 2004 until the following year 2005. During this time frame, a lot of ramping up when it comes to the operations of different multinational company players as well as Indian organizations boosted up their hiring. The end result of this was that the domestic business processing market which inevitably catalyzed by the demand from many telecommunications as well as BSFI segments were able to match the growth of business process outsourcing experts. While the market then experienced much maturity as well as consolidation, this also ended in numerous mergers and many acquisitions that took place within such a sector. At that time, there were more than four hundred different companies that operated on the Indian business process outsourcing space, which also included captive units as well as third party providers of services.
The key enabler which allowed this cheaper bandwidth to happen led to lower telecommunications costs for many leased lines, plus a higher availability of educated speakers of English Indians who are part of the Indian business processing outsourcing workforce. Thus, the Indian business processing outsourcing industry then remains to be and a relatively stable growth path as it then emerged as one of the leading key marketable investments in the entire country as well as region. With the entry of information technology major such as 2002 s Spectramind emergence, the business processing outsourcing industry has now become the mainstream factor of the information technology industry in the country of India.