The industry contributes USD 24.4 Billion to the Indian economy annually. The cost advantage this sector has is now getting challenged by global completion. This sector also faces headwinds due to the protectionist stance taken by some economies.
The sector has, nevertheless, seen robust growth and investment as more companies invest in global in-house centres in India. The sector will also get a boost with growing liberalization and a healthy private-public partnership in the growth of Indian Economy
This sector was an early adapter to a structured background verification process. This shows the lowest reported discrepancy rates for background verification as per the Annual Trend Report for FY16.
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