India might have lost its leadership in call centers to the Philippines...but it certainly does not show any signs of slowing down when it comes to ITO (IT Outsourcing).
There is certainly strength in raw numbers. With a population of almost a Billion people India is basically the only place in the world where a major company can set up with the goal to hire a 1000 software engineers and not running into problems as to pricing and general availability of talent.
The building of technology centers where a few thousand engineers can be supervised under one roof has always been the one advantage none of India' competitors in the global outsourcing world can match.
India's National Association of Software and Service Companies (Nasscom) just announced that the sector increased employment by about 230,000 in 2015. Total employment for the sector now stands at about 35 Million.
By their own estimate the Indian BPM sector (Business Process Management) has now captured approximately 56 % of the total global market for IT related outsourcing services.
These are huge numbers. If you consider that the entire population of the Philippines is only about 98 million and India employs just in ITO 35 Million...it really shows that there is strength in raw numbers.
Of course, only few companies really have a need to hire hundred's of developers and for most companies there are other places in the world to get their ITO done as good or perhaps even better than what India has to offer.
At the end of the day it only matters what your own outsourcing team is capable off...as such there is really no strategic advantage outside of sheer numbers India can offer.
Never the less though...the numbers are impressive.
India's Nasscom Releases 2015 Revenue And Market Share Numbers