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Growth of IT Industry in India: Opportunities & Challenges

The IT industry in India has experienced significant growth due to factors such as availability of skilled labor, reduced communication costs, and encouraging government policies. The major categories within the IT industry include software development, hardware, networking technologies, and cloud computing. The industry supports many domains such as finance, telecom, infrastructure, and e-commerce. Going forward, the IT industry is estimated to contribute over 7.5% of India's GDP and attract $4-5 billion in foreign direct investment by 2020, creating over 2 million new jobs. However, the industry faces challenges from globalization, competition from other countries, impact of the US economy, and maintaining quality.

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69 views10 pages

Growth of IT Industry in India: Opportunities & Challenges

The IT industry in India has experienced significant growth due to factors such as availability of skilled labor, reduced communication costs, and encouraging government policies. The major categories within the IT industry include software development, hardware, networking technologies, and cloud computing. The industry supports many domains such as finance, telecom, infrastructure, and e-commerce. Going forward, the IT industry is estimated to contribute over 7.5% of India's GDP and attract $4-5 billion in foreign direct investment by 2020, creating over 2 million new jobs. However, the industry faces challenges from globalization, competition from other countries, impact of the US economy, and maintaining quality.

Uploaded by

aditya1513
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd

Growth of IT Industry in India

Opportunities & Challenges

By: Abhishek Goyal

Factor in favour of India


Abundant availability of skilled manpower Reduced telecommunication and internet costs Reduced import duties on software and hardware products Cost advantages Encouraging government policies

Major categories

Software Development Design of computer Systems

Networking technologies like 3G & 4G


Hardware Multimedia Cloud Computing

Domains
Finance (Banks) Telecom (Mobile) Infrastructure etc. Web based Technology KPO Media and entertainment Tele-communication Retails Online- selling (E-commerce) Logistics Management Supply chain Management Biotechnology Banking Social Networking

Areas for Growth


Exports Employment FDI (Foreign Direct Investment)

Sources estimates IT services will contribute over 7.5 % of the overall GDP. IT Exports will account for 35% of the total exports with potential for 2.2 million jobs in IT by 2008-09. IT industry will attract Foreign Direct Investment (FDI) of U.S. $ 4-5 billion. Market capitalization of IT shares will be around U.S. $ 225 billion.

Economic Progress
The share of India's IT industry to the country's GDP increased from 4.8 % in 2005-06 to 7% in 2008. In 2009, seven Indian firms were listed among the top 15 technology outsourcing companies in the world. In March 2009, annual revenues from outsourcing operations in India amounted to US$60 billion Annual revenues is expected to increase to US$225 billion by 2020

Challenges
Globalization Effect Threat from other countries Erosion of profit margins Impact of US economy Sustaining of Quality

Conclusion
IT industry needs to co-ordinate with the academic circles as well as other industries. Better performance and improved productivity. FDI flow should be Encouraging. We need to be competitive. Best resource utilization should be there. India IT industry should expand its potential to other countries besides US

Questions ?

Thank you
Contact: [email protected]

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