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Technology Management | "India - Future Warehouse of IT in the World"

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India - Future Warehouse of IT in the World

by Anuranjan Misra *

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Page - 3

Time has changed the way businesses are carried out. What was supposed to be known to few and limited to the home-towns, appears to be an ancient methodology of carrying out the work. The present day brands work on world-wide scale, that is they are successful in not just one
particular region but have deepened their roots in all the corners of the globe that you can think of.

Information Technology is what constitutes the most important sector in the present day trend of carrying out business. It is because you can not be present everywhere to monitor the work, but with networking and communications, you can always stay in contact with the other business sites of yours.

ICT Approaches of India

A spate of reforms post-1991 economic crisis have given impetus to the Indian economy, particularly to the ICT sector. As part of the reform agenda, the Indian Government has taken major steps to promote ICT including the creation in 1988 of a World Market Policy, with a focus on software development for export; tele-communications policy reform; privatization of the national long-distance and mobile phone markets; and development of a more comprehensive approach to ICT. Although India's success is commanding increasing attention and investment, it has yet to result in the distribution of social and economic benefits across a broader base of the population. Challenges - including the perception of an unfavorable regulatory climate, an overloaded judicial system, poor infrastructure and costly access, and limited use of ICT - remain. The emerging shift in government strategy, toward knowledge-intensive services, has created a climate more conducive to addressing enterprise, domestic infrastructure, education, and the use of ICT to meet development needs.

  • Policy: India's focus on self-reliant industrialization in the 1970s and 1980s has been replaced with reforms aimed at positioning India in the world economy: the foreign direct investment process has been streamlined, new sectors have been opened up to foreign direct investment and ownership, and the government has exempted the ICT industry from corporate income tax for five years. These reforms have helped India to become increasingly integrated into the global economy through growth in the export of softwares and skill-intensive software services, such as call-centers.

    In 1986, the Indian government announced a new software policy designed to serve as a catalyst for the software industry. This was followed in 1988 with the World Market Policy and the establishment of the Software Technology Parks of India (STP) scheme.

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    Anuranjan Misra,
    MCA, M.Tech. (CSE), LLB,
    Currently working as Assistant Professor in Master of Computer Application Department at Academy of Business & Engineering Sciences (ABES), Ghaziabad.
    Also pursuing Ph.D. from MNNIT, Allahabad,
    Article posted on December 21, 2008.


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