The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.
December - 2009 - issue > India Road Ahead
Brand India: The shining star in the world of business
Krishnakumar Natarajan
The Indian IT services Industry has grown from USD2B in 1998 to USD 52B in 2008 (including USD 12B in domestic)- Source NASSCOM McKinsey Perspective 2020 Report.
The Industry’s contribution to GDP has quadrupled from 1% to 4% from 1998. More than that it has helped increase the foreign exchange reserves of India and has helped create about 2m direct jobs and almost 8m indirect jobs resulting in 10m job creation in a economy where jobs are an important need.
The Industry has become critical to the Global customers it serves. 75% of Fortune 500 companies leverage the Indian IT Industry and it is estimated that in 2008 alone the global savings for customers amounted to USD 20 to 25Billion ( source NASSCOM McKinney report).
The Industry has grown beyond traditional services. New services like R&D outsourcing, Independent Testing, Remote Infrastructure Management have contributed to more than half of the Industry incremental growth. Success in new service lines indicates the strength of the Industry to reinvent itself.
|
|
