What is the future of IT in India?

Answer 1

big BIG BIG BIG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answer 2

India is going to be the future Silicon Valley.

Answer 3

According to leading reports, Indian software industry is set to achieve a turnover of 10 billion dollars by the year 2020. The projected demand for trained I.T. professionals is estimated at over 400,000 per year. There is a clear imbalance between the demand and supply of IT professionals with the result that this sector offers one of the highest remuneration packages. The Internet is a new revolution that is sweeping the world. It promises to change the way we work, live, shop, communicate and entertain ourselves.

Some time between 2008 and 2010, annual export revenues from India's information technology (IT) sector are predicted to hit $50 billion, up from $16.3 billion this year.

That is the spectacular growth curve projected by the IT industry's peak body, the National Association of Software and Service Companies (Nasscom), which sees at least 25 percent annual growth for the next five years.

Given that India's total exports this year will be around $70 billion, Nasscom's view amounts to a phenomenal performance for an industry that barely existed until the 1990s.

Now, the world knows names like Infosys, Wipro, TCS, Satyam, HCL and NIIT, and global clients beat a path to their door for work that meets the three magic criteria of speed, quality and price.

The success of Indian firms and professionals in the information technology (IT) arena during the last decade has been spectacular. Entrepreneurs, bureaucrats, and politicians are now advancing views about how India can ride the IT bandwagon and leapfrog into a knowledge-based economy. Isolated instances of villagers sending and receiving email messages or surfing the Internet are being promoted as examples of how India can achieve this transformation, while vanquishing socio-economic challenges such as illiteracy, poverty, and the digital divide along the way. Likewise, even while a miniscule fraction of the population has access to computers and the Internet, e-governance is being projected as the way of the future. There is no dearth of fascinating stories about IT-enabled changes, yet there is little discussion about whether such changes are effective and sustainable in the absence of the basic infrastructure that is accessible to the citizens of more advanced economies. The statistics speak loudly and clearly. Seventy nine percent of India’s population lives in villages without the basic amenities and infrastructure that can sustain a knowledge economy. While over 60% of the population is considered to be literate, note that the relevant definition of literacy that supports this statistic is being able to read and write simple words in any language, acquired with or without formal schooling. This criterion is so basic, that it is almost irrelevant in the context of a knowledge economy. Yet, the central and state governments in India are investing millionsof dollars in promoting IT-based initiatives and the IT industry as vehicles of social and economic transformation.

how must the IT revolution proceed so that the nation is benefited in a wholesome and balanced way? This commentary aims to open a debate regarding the impact of IT on a developing country like India. We argue that India should aggressively pursue traditional manufacturing and agriculture-based industries to build a robust industrial economy that can be made more efficient and productive with IT. In turn, policy makers should moderate their obsession with IT and IT-related ventures as a panacea to solve socio-economic problems. IT-related projects must definitely be pursued, but the private sector must bear the risks and capture the returns related to these projects, much like it does in any other sector of the economy. We argue that government actions cannot be disproportionately skewed towards a single industry when its benefits to the common man are still not well understood, and when the role of IT within the broader framework of national development has not yet been adequately articulated. Not everyone will agree with this viewpoint — but then, neither does this commentary pursue such a consensus. Such a debate is even more critical with the recent worldwide bursting of the IT bubble. Booms and busts have long existed in all kinds of markets — during the 17thcentury tulip bubble, for example, the irrational exuberance of tulip buyers drove the value of each tulip to several thousand dollars. In 1637, a single Semper Augustus tulip sold at a price that was three times the value of the most expensive estate in Amsterdam! However, such booms and busts apart, in a reflection of the well-known IT “productivity paradox,” even serious researchers, CIOs, and economists in the corporate world (including Stephen Roach, the respected Chief Economist at Morgan Stanley) have struggled to convincingly demonstrate the benefits of IT to the corporate sector. Equally important, proponents of “new growth theory” including noted Stanford economist Paul Romer have convincingly argued that ideas and knowledge, rather than scarce physical resources, increasingly fuel economic growth. Ideas and knowledge are, in turn, endogenously generated within an economy, as a function of the prevalent levels of education, the skills of the workforce, and proper market incentives. The message in the Indian context is straightforward —progress into a knowledge economy will not come without substantial, widespread development.

Answer 4

IT is what's happening in India. It (India) is where the $$$$$ could be made and it's all because of IT!

Answer 5

I'd say good.. there's a reason why Intel has a huge engineering plant there. Imagine that... 24 hour non-stop engineering development - two groups on opposite of the globe researching and developing.

Answer 6

It will be huge. You pay scales will start to rise rapidly. Then we Americans will flood you country with IT professionals and put you all out of work!

Answer 7

who knows

Answer 8

by it you mean things you buy on ebay? id say good.


hehehehe.

Answer 9

It will be outsourced to the US..

Answer 10

veryyyyyyyyyyyyyyyyyyyyyyyyyy big,,.......... super

Answer 11

there isnt one....