it sector in india (subrat ku dash)

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IT Sector in india

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  • 1. INTRODUCTION The Indian information technology (IT) industry has played a key role in putting India on the global map. The Information Technology (IT) Sector in India is amongst the fastest growing in the country and the world.

2. The strengths of the Indian IT sector: Highly skilled human resource; Low wage structure; Quality of work; Initiatives taken by the Government English-speaking professionals; Cost competitiveness; Quality telecommunications infrastructure. 3. The weaknesses of the IT sector Absence of practical knowledge Dearth of suitable candidates Less Research and Development; Contribution of IT sector to Indias GDP is still rather small IT development concentrated in a few cities only. 4. 1. Tata Consultancy Services 2. Wipro 3. Infosys 5. TATA CONSULTANCY SERVICES (TCS) Founded in 1968 by Ratan Tata. Staff Strength of 3,05,431 Employees (As on Jun 2014) Revenues US$ 13.44 billion in 2013-14. 6. WIPRO LTD Founded in1947 by Mr. Azim Premji Staff Strength of 1,46,053 Employees (as on March 2014). Revenue $ 7.03 Billion (2013-14). 7. INFOSYS TECH. Founded in 1981 by Narayan Murthy. Staff Strength of 160,405 Employees (2014). Revenues of $ 8.4 billion (as on 31st March 2014) 8. Tech Mahindra Patni Computers HCL Cisco 9. Growth in IT sector The Indian IT-BPO sector is estimated to reach a target of US$ 60 billion in exports and US$ 73- 75 billion revenues in 2010. India's information and communication technology market is estimated to grow 20.3 per cent annually by 2011. The IT and ITeS exports are estimated to more than double to US$ 78.62 billion by 2012 10. Hence, IT sector is attracting considerable interest not only as a vast market but also as potential production base by international companies. Also, it is one of the fastest growing segments of the Indian industry both in terms of production and exports.