A study on export performance, challenges and prospects of IT industry in India
Summary :
Table of Contents
- Introduction
- Analyzing the performances of IT industry
- Challenges of the IT industry
- The prospects of the Indian IT industry
- Measures for the steady growth of the Indian IT industry
- The current industry position of IT industry
- Overview of Software Technology Parks of India - STPI
- Wipro
- Tata Consultancy Services (TCS)
- Satyam Computer Services Ltd
- Infosys Technologies Ltd
- HCL Technologies
- Exporting performance of the Indian IT industry
- Growth of the software industry in India
- Presentation and analysis of data and interpretation
- Conclusion
- Bibliography
Abstract
My dissertation titled "A study on export performance, challenges and prospects of Information Technology industry in india" mainly deals with exporting performance Information Technology industry in india. It also deals with various problems faced by the IT industry and also appropriate solution for the same.
india has emerged as the fastest growing and the fourth largest IT market in Asia Pacific, competition is truly global and businesses compete across industries. The software industry, particularly in india is one of the fastest growing industries. Nasscom, the premier trade body and 'voice' of the IT software and service industry in india, announced the key findings of the Strategic Review 2006, on the eve of its 15th annual event Nasscom 2006: india Leadership Forum, scheduled from February 15-17, 2006 in Mumbai. "The Indian IT-ITES sector continues to chart double-digit growth and is expected to exceed $36 billion in annual revenue in FY06. Out of this, software and services exports are estimated to grow by 32%, to reach $23.4 billion in FY06. Indian IT-ITES is well on track to achieve the targets that the industry aspires to achieve by the end of the decade."Kiran Karnik, president, Nasscom, said, "2005 offered a steady growth for the industry. Along with increased presence of Indian IT companies across the globe, we saw new services lines emerging and the industry reached the next level in services offered. Mergers and acquisitions by Indian players was also a key trend. Inspite of the growth seen so far, it is estimated that less than 10 percent of the addressable market for globally sourced IT-ITES has been captured till date, indicating significant headroom for growth.
" The Strategic Review 2006 reviews the industry's performance in 2005, estimates the growth expected in the current fiscal (FY06) details the service line trends observed across the various industry segments over the past year, presents an assessment of india's competitiveness as a sourcing destination, analyses the sustainability each individual factor contributing to india's leadership position and provides a view of the outlook projected for the global and Indian IT-ITES industries -- outlining the opportunities, challenges and agenda for key stakeholders to further extend india's leadership in this space.
india has emerged as the fastest growing and the fourth largest IT market in Asia Pacific, competition is truly global and businesses compete across industries. The software industry, particularly in india is one of the fastest growing industries. Nasscom, the premier trade body and 'voice' of the IT software and service industry in india, announced the key findings of the Strategic Review 2006, on the eve of its 15th annual event Nasscom 2006: india Leadership Forum, scheduled from February 15-17, 2006 in Mumbai. "The Indian IT-ITES sector continues to chart double-digit growth and is expected to exceed $36 billion in annual revenue in FY06. Out of this, software and services exports are estimated to grow by 32%, to reach $23.4 billion in FY06. Indian IT-ITES is well on track to achieve the targets that the industry aspires to achieve by the end of the decade."Kiran Karnik, president, Nasscom, said, "2005 offered a steady growth for the industry. Along with increased presence of Indian IT companies across the globe, we saw new services lines emerging and the industry reached the next level in services offered. Mergers and acquisitions by Indian players was also a key trend. Inspite of the growth seen so far, it is estimated that less than 10 percent of the addressable market for globally sourced IT-ITES has been captured till date, indicating significant headroom for growth.
" The Strategic Review 2006 reviews the industry's performance in 2005, estimates the growth expected in the current fiscal (FY06) details the service line trends observed across the various industry segments over the past year, presents an assessment of india's competitiveness as a sourcing destination, analyses the sustainability each individual factor contributing to india's leadership position and provides a view of the outlook projected for the global and Indian IT-ITES industries -- outlining the opportunities, challenges and agenda for key stakeholders to further extend india's leadership in this space.
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