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 > Editor's Desk

The Real Progress

Pradeep Shankar
Wednesday, December 2, 2009
Pradeep Shankar
Last month we saw President Barack Obama and India’s Prime Minister Manmohan Singh vowing to deepen trade and investment ties. While our two nations make progress in their relationships, it is also the right time to reflect where the Indian IT industry, is headed to.

The U.S. downturn is slowly but surely redefining the Indian IT paradigm. If there was a major watershed in the Indian IT Industry post Y2K, this is it. The growth rate of our industry, which was in double digits till recently, has now slipped to single digit. If the Indian software industry has to survive, then it needs to adapt to the changing market scenarios quickly.

After the dizzying growth of the last 10 years, it is time to pause, reflect and realign strategies. The tipping point came with the Y2K phenomenon; that’s exactly 10 years back when armies of our engineers traveled to the U.S. Getting a H1B visa then was a social pride indeed. The scenario has changed now, with the global players setting up their R&D centers and a flourishing entrepreneurial ecosystem right here in India. The technology industry in India has grown from $4 billion industry in 1999 to over $50 billion in 2009.

But are we really progressing as an industry? Progress has several other dimensions as well.

Technological advancements have a direct correlation to a nation’s progress as a whole. That is possible only when technology growth influences a larger cross section of the society.

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Reader's comments(1)
1:agree with u
Posted by: anjali sinha - 08th Dec 2009
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