InfoTryst - Information and Services provided by India IT Companies.

InfoTryst - IT Companies and Services in India
India in the Global Software Industry investigates India's IT industry, which is expected to be the engine of growth. By showing how India can become internationally competitive in the IT industry, it also offers an avenue for India to tackle the massive needs of all its people in the increasingly globalized post-WTO world economy. India has many of the necessary ingredients for being competitive - a large diversified scientific pool, an extensive network of higher education institutions nad an array of centres of excellence in R&D. However, to remain internationally competitive, India must keep abreast of rapid technological developments by adopting a more proactive development strategy. In this spirit, this volume examines the Indian IT industry, especially the software sector, by bringing out the structural and market challenges it faces, the policies to deal with them and the organizational and strategic ways by which they resolve these challenges internally. Also considered is how external factors such as transnational links with foreign firms, markets and India-born entrepeneurs overseas become significant sources of innovation in India.


Bolstered with such a significant, technically sound resource base, the software industry has grown unimpeded. With a compounded annual growth rate of more than 50% between 1992 and 2001, the Indian software sector has expanded almost twice as quickly as the world-leading U.S. software industry did during the same period, although from a smaller base.
India’s software industry statistics illustrate the massive strides achieved by this sector and the opportunities the future holds. According to NASSCOM’s estimates for the fiscal year 2000-01, the country’s software industry is worth $8.26 billion, up from $100 million ten years ago. A study conducted by renowned consultancy firm McKinsey and Co., for NASSCOM, has proven why India is becoming the off-shore software development out-sourcer’s destination of choice. According to the NASSCOM-McKinsey study, the Indian software industry is expected to gross US$50 billion in exports in 2008! This is based on an average growth rate of 35 percent per year. The industry is well placed to achieve this target.

Information technology Industry

Information technology, and the hardware and software associated with the IT industry, are an integral part of nearly every major global industry.

The information technology (IT) industry has become of the most robust industries in the world. IT, more than any other industry or economic facet, has an increased productivity, particularly in the developed world, and therefore is a key driver of global economic growth. Economies of scale and insatiable demand from both consumers and enterprises characterize this rapidly growing sector.

The Information Technology Association of America (ITAA) explains the "information technology" as encompassing all possible aspects of information systems based on computers.

Both software development and the hardware involved in the IT industry include everything from computer systems, to the design, implementation, study and development of IT and management systems.

Owing to its easy accessibility and the wide range of IT products available, the demand for IT services has increased substantially over the years. The IT sector has emerged as a major global source of both growth and employment.

The role of the IT Industry

The IT industry can serve as a medium of e-governance, as it assures easy accessibility to information. The use of information technology in the service sector improves operational efficiency and adds to transparency. It also serves as a medium of skill formation.