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India is now one of the biggest IT capitals in the modern world. Accenture, Infosys BPO, Wipro Ltd, TCS, HCL Technologies, Mahindra Satyam are all global IT giants. The Indian IT industry has witnessed a rapid growth from the late 90s. The booming IT sector indeed has put India on the global map as a rising power. So after the much talked about global meltdown the economic activity in the country has taken a speed yet again, the technology companies are hiring again, and acquisitions and mergers are on the cards. IT sector has definitely returned to good growth after the recession. The web world, mobile devices, BPO sector, call centres, a globally renowned service sector and a competitive industrial hub has set India at the vanguard of a hi-tech technological revolution.
Looking at the global scenario there are endless predictions, about how the global IT industry is going to be revolutionized by 2015. Gartner has a series of predictions like information-smart businesses will increase recognized IT spending per head by 60 percent, tools and automation will eliminate 25 percent of labour hours associated with IT services and 80 percent of businesses will support a workforce using tablets. These predictions showcase the trends and disruptive events that will reshape and decide the nature of business by 2015.
Is the Indian IT sector going to have a new face by 2015? Where is the IT sector heading towards? Is the country prepared to meet these global changes is a question as of now. The Indian economy is expected to create 87.37 million new jobs by 2015. And undoubtedly a major chunk of job will be created by the IT sector. Engineering students have IT as their first preference in India. It has now also being introduced as a subject in schools. Also by the introduction of UID projects the Indian IT sector has made a path-breaking venture in E- Governance. Consolidation, optimization and cost transparency programmes have made decentralized IT investments more visible and noted leading to increase in “recognized” IT spending. All these have proved that the country has huge potential for expansion.
But there is a difference in having the potential and in reality attaining it. And this is where the biggest challenges lie for India. Challenges such as shortage of skilled manpower, quality of education, data growth and the growth of e waste have to be dealt with and solution has to be found.
Thanks to the success of the IT industry, India is now a power to reckon with. So how long is this success going to last and how far is it going to reach is something to look forward to! Will all these predictions, talk of rapid growth and challenges adjoin mutually to give a new face to Indian IT sector or the IT hub has something else in store for us? Whatever it may be the road ahead is sure interesting. Let’s wait and watch!
B.A. (Hons) 1st year, Political Science,
Indraprastha College For Women, DU