India - Future Warehouse of IT in the World

by Anuranjan Misra *

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With time and the continuous growth across the world, the country continued struggling and came up as the world leader in Information Technology Sector. The industry has grown up to US $ 5.7 Billion (including over $ 4 Billion worth of software exports) in 1999-2000, with the
annual growth rate not sliding below 50 percent since 1991. India exports software and services to nearly 95 countries around the world. The share of North America (U.S. & Canada) in India's software exports is about 61 percent.

The Indian labor is not only cheap but is technically skilled too to the world-class level. It is due to the Indian Education System that includes in its course curriculum the practical knowledge of the latest technology that is developed in world along with the fluency in English Language that imparts compatibility in an Indian technician to communicate and work throughout the world.

Further, the geographical location of India serves to its advantage of being exactly halfway round the world from the US west coast, which is another reason why India is preferred destination of many big brands.

Source: Nasscom

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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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