IT is not a new word to all of us. Today even school going children are aware what IT is all about and its undoubted advantages that it renders in our lives. But few years back IT was just a new born kid in India. The usage of it was very limited and not everybody was aware of its miracles. But with new innovations and developments, IT has burgeoned to become the part and parcel of every Indian.
The smart phones that we are using, the internet that we are surfing all have I
T as the major driving force. Indian IT Diaspora will see bright future in India. This industry is undergoing rapid evolution and is transferring the shape of Indian business standards. This sector includes software development consultancy firms, software management companies, online services and business process outsourcing which is known as BPO.
As per one article in leading newspaper, one industry which backs main credit behind India’s liberalization is the IT industry. India started off with exports on a low scale in 1990’s but with IT, which thrives globally, has made India the leading exporter wherein millions of employees are rendering their services. The current scenario shows this sector has in fact been rated as one of the top two industries in Indian.
This industry is highly influenced by the factors like global market and sustenance of its rate of growth. The main benefit that IT sector renders to India is the employment it can generate followed by exports and Foreign Direct Investments (FDI). India is now a major destination for IT sourcing because of cheap labor and minimal costs.
Major metropolis cities in India like Hyderabad, Noida, Bangalore, Mumbai etc. have been developed into potential IT hubs of the country and are the vital players contributing in the growth of the Indian economy via telecommunication, software development, design, ecommerce, mobile commerce, BPO and knowledge process outsourcing.
Also the benefits of IT industry cannot be restricted to or limited to software development alone and the technologies can be applied to areas like hospitals, banks, airports, shops, schools, libraries and many other places with the help of database management systems or through custom made software as per the requirement.
New innovations and developments like technologies in cloud, big data, analytics, mobility, social media and internet of things have become latest buzzword and the need of the day. Indian companies are keeping the track of these changing trends and are pulling their sleeves up to change their products and services to accommodate them in these areas so that delivery procedure can be enhanced with the help of IT innovations.
As per the rough estimate more than fifty million things will be connected on internet via IT by the end of this decade. Much depends on how Indian companies are ready to face the challenges and threats posed by IT in global markets. Who knows? India instead of swimming in the back waters of second rate IT product and services, come up with world class products and services of its own.
All said and done IT industry is here to stay in India and stay for long reaching the top position in the ladder because of unlimited advantages and benefits it offers to the Indian economy.