The Indian BPO (Business Process Outsourcing) industry is worth $30 billion and employs 1.4 million. While its employment intensity is declining due to the automation of voice and other commoditised services, industry captains see stronger growth ahead. Rohit Kapoor, Vice-Chairman and Chief Executive Officer of ExlService Holdings Inc, talked to Business Today on why the BPO industry is expanding despite its 'cannibalisation' by the robotic process automation (RPA).
The 'job loss scenario' that's being painted is not that grim yet, says Kapoor. It is impacting the BPO industry but many Indian companies are offering services such as analytics. Customer interaction services, particularly voice work, form a less chunky part of most large companies than before, he adds.