It and Ites

IT AND ITES INDUSTRY IN INDIA 1. INDUSTRYOVERVIEW Background Over the past decade, information technology industry has become one of the fastest growing industries in India. Strong demand over the past few long time has placed India amongst the fastest growing IT markets in the Asia- Pacific region. The Indian softw be and information technology enabled run (ITES) industry has vainglorious at a compounded annual growth mark (CAGR) of 28 per cent during the last five years. It is expected that the persona of IT and ITES to Indias GDP will rise to 7 per cent by 2007-08 against 5.4 per cent in 2006-07. The key segments that subscribe contributed importantly (96 percent of total) to the industrys exports include Software and attends (IT services) and ITES, i.e. business services. Over a period of time, India has established itself as a preferred global sourcing base in these segments and they are expected to continue to fuel growth in the future.

Recognizing the advantages of multi-country service delivery capabilities to better manage evolving customer requirements and execute lengthwise delivery of some new services, Indian companies are enhancing their global service delivery capabilities by means of a combination of Greenfield initiative, cross-border M&A, partnerships and alliances with local players. Global software product giants such as Microsoft, Oracle, SAP, etc., have established their captive development centres in India. Indias show up on information shelter ranks better than most locations. The regime in India are maintaining a keen emphasis on further strengthening the information security environment in the country. Specific initiatives underway include enhancing the legal framework through proposed amendments to the IT Act 2000, increasing interaction between industry players and enforcement agencies to tending create greater awareness about information security issues and facilitate mutual support. A majority of companies in India have already... If you want to get a full essay, order it on our website: Ordercustompaper.com

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