INTRODUCTION What is IT ?“ IT” is the study, design, development, implementation, management of computer based information SystemRole of IT:• The role of IT is constantly evolving since they are referred to as “data processing.”• IT is the area of managing technology and spans wide variety of areas.• Information technology is no longer a business resource it is the business environment.
ABOUT INDIAN ECONOMY World’s sixth fastest growing economy at 8.43 percent GDP growth rate. India is a $1.5-trillion economy. Economy grew by 8.9 per cent in the second quarter of the current fiscal, up from 8.7 per cent a year ago. software exports with the estimates and are projected to grow 15-17 percent to generate about US$ 70 billion in 2011-12 as against US$ 59 billion in 2010-11. India, the second largest growing economy will overtake China as the fastest growing major economy with an average of 8 per cent in the next five years. During the period 2010-2011, the annual growth rate of Indian IT services industry has been over 35%. India is expected to be the world’s fastest growing economy by 2018, according to Economist Intelligence Unit (EIU)
SCOPE FOR IT IN INDIA Economic survey revealed that IT - ITES sector created almost 3 million additional jobs this year and number will go on in the immediate future IT services will contribute over 7.5 % of the overall GDP. IT Exports accounted 35% of the total exports with potential for 2.2 million jobs in IT in the year 2008. IT industry will attract Foreign Direct Investment (FDI) of U.S. $ 4-5 billion.
is an Indian multinational IT services, business solutions and outsourcing company headquartered in Mumbai, India and a subsidiary of the Tata Group It is the largest Asia based provider of business process outsourcing services TCS has been ranked #20 in the list of top companies of India, by Fortune India 500 magazine. It is the largest IT service company in India by revenue and market Industry IT services, IT consulting Founded 1969Headquarters Mumbai, Maharashtra, India IT, business consulting and outsourcingServices servicesRevenue US$ 10.17 billion (2012)Employees 238,583 (2012)
Infosys Limited delivers IT-enabled business solutions to enable Global 2000 companies to build their enterprises of tomorrow. Headquartered in Bangalore, India, Infosys has a global footprint with sales offices in 29 countries and development centers in India, US, China, Australia, UK, Canada, Japan and many other countries. Infosys ranked among the most innovative companies in a Forbes survey Industry IT services, IT consulting Founded 1996 Headquarters Bengaluru, India IT, business consulting and outsourcing Services services Revenue US$ 6.99 billion (2012) Employees 149,994 (2012)
Wipro Limited is an Indian global IT services and consulting company headquartered in Bangalore, India. As of 2012 Wipro is the second largest IT services company by turnover in India. It provides outsourced research and development, infrastructure outsourcing, business process outsourcing (BPO) and business consulting services. The company operates in three segments: IT Services, IT Products, Consumer Care and Lighting. Industry IT services, IT consulting Founded (December 1945) IT, business consulting and outsourcing Services services Revenue US$ 6.98 billion (2011) Employees 135,920 (March 2012) Headquarters Bangalore, Karnataka, India
HCL Technologies Limited is a global IT services company headquartered in Noida, India. It is primarily engaged in providing a range of outsourcing services, business process outsourcing and infrastructure services. HCL Technologies is fourth largest IT company in India and is ranked 48 in the global list of IT services providers. It is ranked 1868 in Forbes Global 2000.Industry IT ServicesFounded 12 November 1991Headquarters Noida, IndiaServices IT and Outsourcing servicesRevenue 16,102 crore (US$3.21 billion) (2011) Employees 82,464 (2012)
India: Pacing Ahead to Emerge as a Major Economy in the World
Foreign Investments Between April 2000 and December 2010, the computer software and hardware sector received cumulative foreign direct investment (FDI) of US$ 10,601 million. The total investments of EMC Corporation, a leading global player of information infrastructure solutions in India, will touch US$ 2 billion (over US$ 2.01 billion) by 2014. Syntel, an IT company, plans to invest around US$ 50 million in its global development center in Chennai. Russian IT security software provider, Kaspersky Lab, has invested US$ 2 million in its Indian operations at Hyderabad