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Analysis of IT Sector
1. IT Sector
Presented by :
(Group 4)
Shiva Ganesh
Anshul Kothari
Soumya Sharma
Chandra Nath Paul
Sameeksha Verma
Amit Binwani
Yogesh Agarwal
2. INTRODUCTION OF IT
Information technology is playing an important role in
India today & has transformed India's image from a
slow moving bureaucratic economy to a land of
innovative entrepreneurs.
The IT sector in India is generating 2.5 million direct
employment.
India is now one of the biggest IT capitals of the
modern world.
3. According to DeitY
The major developed markets are sourcing IT/ITES from India to
gain bottom-line benefits, improving their competitive edge.
Indian IT companies have set up over 600 delivery centres
The sector revenues have grown from 1.2 per cent in FY1997-
98 to nearly 8.1 per cent in FY2013-14
Department of Electronics and Information Technology is
coordinating strategic activities, promoting skill development
programmes, enhancing infrastructure capabilities and
supporting R&D for India’s leadership position in IT and IT-Enabled
services.
4. KEY PLAYERS
A key player or stakeholders is someone who has a 'stake' or
vested interest in an industry. Key players in the IT sector are
those that have influence and interest in the direction and use of
Information and Communications Technology. These include
bodies such as:
Vendors of IT products and services
IT consultancy organisations
Government departments
Professional bodies
Research organisations and publisher
6. Regulator of the Sector
INFORMATION TECHNOLOGY ACT,2000 (ITA-2000)
An Act to provide legal recognition for transactions carried out by means of electronic
data interchange and other means of electronic communication, commonly referred to
as "electronic commerce", which involve the use of alternatives to paper-based
methods of communication and storage of information, to facilitate electronic filing of
documents with the Government agencies and further to amend the Indian Penal
Code, the Indian Evidence Act, 1872, the Bankers' Books Evidence Act, 1891 and the
Reserve Bank of India Act, 1934 and for matters connected therewith or incidental
thereto.
TRAI (TELECOM REGULATORY AUTHORITY OF INDIA)
After the economic reforms of 1991-92, liberalization of external trade, elimination of
duties on imports of information technology products, relaxation of controls on both
inward and outward investments and foreign exchange and the fiscal measures taken
by the Government of India and the individual State Governments specifically for IT
and ITES have been major contributory factors for the sector to flourish in India and
for the country to be able to acquire a dominant position in offshore services in the
world.
7. Market Size
30 per cent and the overall sales are projected
to touch US$ 17 billion in FY-15 .
Comprising server, storage and networking
equipment - is expected to grow by four per
cent in 2014 to touch US$ 1.9 billion
The IT services market in India is expected to
grow at the rate of 8.4 per cent in 2014 to Rs
476,356 million (US$ 7.88 billion), according to
International Data Corporation (IDC).
8. INVESTMENT
Indian IT's core competencies and strengths have
placed it on the international canvas, attracting
investments from major countries
TCS - US$ 200 million
WIPRO - US$ 1.2 billion
L&T Technology Services has bought 74 per cent
equity stake in Thales Software India Pvt Ltd
9. CURRENT TRENDS
As per Nasscom, the Indian IT market is expected to show 16% – 18% export
revenue growth by the financial year 2012. It is expected to bring in revenue
to the tune of 68 – 70 billion. This is significant at present, a turbulent period
with ongoing debt crisis in European countries like Portugal, Spain, and
Greece and with the signs of slowing down of US economy.
The Indian hardware market projects to have a large growth capacity by the
end of 2011. The PC market alone is expected to account for US $ 7.3 billion
in 2011 as per Nasscom.
The software market is expected to grow up to 21% by 2015. This year profit
forecasts for the IT software services industry proclaim revenues of US $ 7.3
billion.
Heavy inflow of FDI in the IT sector is expected to continue for coming years.
In recent years, the inflow of large volumes of FDI in to the Indian IT markets
has not only boosted the industry but also the entire Indian economy. India’s
large market continues to attract big MNC’s for large FDI’s
10. What are trends in information
technology development?
Integrating smartphones into the daily lives of consumers.
Continuity across several platforms and devices.
Television transformation.
Outsourcing
Private investment
FDI
Merger and acquisition
Budgetary provision
16. FUTURE TRENDS
Social Platform
Infrastructure Platform
Cloud computing
Data Security
Data Privacy
Analytic
Architecture
User Experience
17. Future Prospectus
Globalization has had a profound impact in shaping the Indian Information
Technology industry. Over the years, verticals like manufacturing, telecom,
insurance, banking, finance and lately the retail, have been the growth drivers
for this sector.
But it is very fast getting clear that the future growth of IT and IT enabled
services will be fuelled by the verticals of climate change, mobile applications,
healthcare, energy efficiency and sustainable energy.
The near future of Indian IT industry sees a significant rise in share of
technology spend as more and more service providers both Indian and global
target new segments and provide low cost, flexible solutions to customers.
By 2015, IT sector is expected to generate revenues of USD 130 billion
(NASSCOM) which will create a transformational impact on the overall
economy.
18. Conclusion
IT has potential of not only accelerating the growth of the Indian economy
but also promoting the broad-based economic development.
To realize the same , besides standard policy initiatives such as improving
infrastructure, strengthening training and education system, and introducing
flexible labour laws that affect every sector of the economy including the IT
sector.
The government needs to take specific measures to promote IT use and to
make it accessible to every section of the society. The IT should be promoted
to be used as a tool for raising the living standards of the common people
and enriching their lives.
19. IT literacy needs to be enhanced manifold among the population at large
through conventional and non-conventional means, so that ordinary people
can begin to use it to derive benefits, both economically and socially.
India will not reap the full benefits of its success in IT unless its broader
institutional and incentive regime creates opportunities for local
communities and villages to realize the benefits from the same.