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Indian IT Industry Opportunities and Challenges
By: Niraj Krishna, Butler University
Introduction
Technological revolutions sometimes bring unexpected opportunities for countries. ... The Indian IT industry has attracted a significant amount of interest as a source of software development. ...
Characteristics of The Indian IT Industry
The Indian IT industry is remarkable in number of respects: it is focused on software rather than hardware, it is services rather than product oriented; it is export oriented than for domestic market; and is largely managed by professional rather than entrepreneurial management. ... Exports account for sixty five percent (65%) of the Indian IT industry. ... Indian firms usually provide low-level design, coding and some types of testing services for export. ... Using NASSCOMM membership as a measure, the number of Indian IT firms has grown from 430 in 1996-97 to over 750 in 1997-98. ... Industry expert attribute IT success in India to many factors:
Human Resources: It is widely believed that the key to the success of the Indian IT industry is the supply of trained, low-cost software professionals. ... The size of the Indian talent pool complements the cost advantage. ...
Sophisticated IT firms: Some of the Indian IT firms have been around since early 1970s and have valuable experience in export of software services. ... Some of the Indian IT firms have been providing IT services to more than seventy countries worldwide and ninety percent (90%) of their business has been repeat business from existing clients.
Supporting Government Policies: What may serve as surprise to many the Indian government and its policies have been very supportive of IT industry. ...
Future Opportunities for Indian IT Industry
The global IT industry in 2002 accounted for $1728 billion in market capitalization and will account for $2. ... It is expected that Indian IT industry will gain significantly by the global growth of IT industry in general and the ‘Software and IT Services’ sector in particular. The Indian IT industry is expected to grow to $42. ... The ‘Software and IT Services’ sector of the Indian IT industry will continue to dominate the growth and will account for almost 61% of the Indian market share. ... The growth and challenges of The Chinese IT industry and economical system is perceived as an opportunity for Indian IT industry because China’s strength and weaknesses are complimentary to Indian IT industry and economic system.
Approximate Word count = 1935
Approximate Pages = 7.7
(250 words per page double spaced)
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