Expansion Of IT Companies Leading To Growth In Commercial Real Estate

Bangalore: Not considering the expansion of a business in India means ignoring one of the most new markets of the decades to come. India's economy is one of the fastest growing in the world, with a rapidly expanding consumer class. It is a mine of business opportunities, in a very wide range of sectors. With the second largest labor force, and with approximately 520 million people, it is a huge pool of professional managers, semiskilled and unskilled labor, available at a comparatively moderate cost - often just a fraction of the rates prevailing in developed countries.  Today, more and more Fortune 500 companies are expanding their operations in India. For them, India has a large English speaking, college educated and tech savvy work force, and they are hiring workers by the hundreds, building posh offices, expanding and relocating.

"Large MNCs have been quietly adding up headcount in India and bringing more work offshore," said Kamal Karanth, managing director at staffing firm Kelly Services India. "Similar to Indian MNCs, they have been adding 5,000-8,000 people every year."