India’s IT Reach in the Year 2016

India, the world’s largest sourcing destination for the  IT  industry is witnessing a sound economic transformation of the country in 2016; thereby improving its reach in the global economy. The IT industry in India is mainly divided into 2 major sector; the BPO and IT services. According to NASSCOM, the sector conglomerates a revenue of US$147 billion in 2015. ‘Digital India’, the new IT initiative by  India’s prime minister Narendra Modi; promises a secured position for the Indian IT industry, round the globe.

Today, many global  IT giants are setting up their development centers in India, fostering the country’s intellectual capital . Yet another notable impact of the developments in India’s  IT industry  is witnessed in the education sector. According to India’s IT and Communications Minister Ravi Shankar Prasad; in a recent press meet, the IT jobs in India remain more or less stable till 2020. The Government’s new initiatives like, creating an ecosystem for digital locker providers enabling partners to set up digital locker services very similar to DMAT services provided by share depositors and the e-sign providers ecosystem  enhance the demand for technology in India.

Bangalore, the Silicon Valley of India is the headquarters of many IT giants in India like Infosys, Wipro and many of the global SEI-CMMI Level 5 Companies.In addition to Bangalore, cities like Hydrabad,Gurgaon,Pune and Trivandrum have widespread campus and IT head quarters of a number of Ind based IT companies. The Bigest IT trainning center of Tata Consultancy  Services is also set up in Trivandrum, proving the hype of the industry and prospective of a range of future developments in the Indian IT sector.

The scope for startups in India are limitless as the Indian IT market focuses on providing cost effective solution. This fast growth of India’s It Industry has contributed a lot to the country’s employment opportunity in the IT sector;thereby fostering a close relationship with countries like the United States of America and the European Union.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *