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Role of it in indian economy


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This presentation shows the role of information technology in indian econonomy.

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Role of it in indian economy

  1. 2. Agenda <ul><li>Introduction </li></ul><ul><li>History of IT in India </li></ul><ul><li>Global Scenario </li></ul><ul><li>About Indian Economy </li></ul><ul><li>Growth in India </li></ul><ul><li>Top IT players in India </li></ul><ul><li>Scope of IT sector in India </li></ul><ul><li>IT star Performer </li></ul><ul><li>Advantages </li></ul>
  2. 3. Introduction <ul><li>What is IT ? </li></ul><ul><li>“ IT” is the study, design, development, </li></ul><ul><li>implementation, management of </li></ul><ul><li>computer based information System </li></ul><ul><li>Role of IT: </li></ul><ul><li>The role of IT is constantly evolving </li></ul><ul><li>since they are referred to as “data processing.” </li></ul><ul><li>IT is the area of managing technology and </li></ul><ul><li>spans wide variety of areas. </li></ul><ul><li>Information technology is no longer a </li></ul><ul><li>business resource it is the business environment. </li></ul>
  3. 4. History of IT in INDIA <ul><li>India's IT Services industry was born in Mumbai in 1967 </li></ul><ul><li>First software export zone SEEPZ was set up in 1973 </li></ul><ul><li>Each year India produces roughly 500,000 v engineers in the country </li></ul><ul><li>In 2009, India had a total of 37,160,000 t e telephone lines in use, a total of 506,040,000 m mobile phone connections, a total of 81,000,000 I Internet users comprising 7.0% of the country's population. </li></ul>
  4. 5. Global Scenario <ul><li>Integrated the world economy through removal of barriers. </li></ul><ul><li>Global sourcing of technology related services is estimated to have grown. </li></ul><ul><li>There is estimated growth regarding spending on world wide technology products & related services sector. </li></ul><ul><li>Global IT spends projected to </li></ul><ul><li>grow at steady rate. </li></ul><ul><li>Advances in IT, along with </li></ul><ul><li>increasing global competition, </li></ul><ul><li>are adding complexity and </li></ul><ul><li>uncertainty of several orders of </li></ul><ul><li>magnitude to organizational </li></ul><ul><li>environment. </li></ul>
  5. 6. About Indian Economy <ul><li>World’s sixth fastest growing economy at 8.43 percent GDP growth rate. India is a $1.5-trillion economy. </li></ul><ul><li>Economy grew by 8.9 per cent in the second quarter of the current fiscal, up from 8.7 per cent a year ago. </li></ul><ul><li>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. </li></ul><ul><li>During the period 2010-2011, the </li></ul><ul><li>annual growth rate of Indian IT services </li></ul><ul><li>industry has been over 35%. </li></ul><ul><li>India is expected to be the world’s fastest </li></ul><ul><li>growing economy by 2018, according to </li></ul><ul><li>Economist Intelligence Unit (EIU) </li></ul>
  6. 7. Growth In India To sustain the GDP growth of more than 8 percent, India requires an investment of USD 1.5 trillion in the next five years <ul><li>GDP – USD 590 billion </li></ul><ul><li>GDP growth rate – 9 % </li></ul><ul><li>Services contribution – 54 % </li></ul><ul><li>FDI limit not 100 percent in major industry sectors such as Telecom, Semiconductors, Automobiles, etc. </li></ul><ul><li>Balance of Trade – USD (-)46.2 billion </li></ul><ul><li>Investment goal – USD 250 billion </li></ul>2006 <ul><li>GDP – USD 750 billion </li></ul><ul><li>GDP growth rate – 9.5% </li></ul><ul><li>Services contribution – 60 % </li></ul><ul><li>FDI limit is expected to be close to 100 percent in major industry sectors such as Telecom, Semiconductors, Automobiles, etc. </li></ul><ul><li>Balance of Trade – Should increase with surging exports as compared with imports </li></ul><ul><li>Investment goal – USD 305 billion </li></ul>2008 <ul><li>GDP – USD 900 billion </li></ul><ul><li>GDP growth rate – 9% </li></ul><ul><li>Services contribution – 60-65 % </li></ul><ul><li>FDI limit is expected to be 100 percent in major industry sectors such as Telecom, Semiconductors, Automobiles, etc. </li></ul><ul><li>Balance of Trade – Should be positive with increased level of exports as compared with imports </li></ul><ul><li>Investment goal – USD 370 billion </li></ul>2010
  7. 8. Top IT Players in INDIA
  8. 9. SCOPE OF IT SECTOR IN INDIA <ul><li>Economic survey revealed that IT - ITES sector created almost 3 million additional jobs this year and number will go on in the immediate future </li></ul><ul><li>IT services will contribute over 7.5 % of the overall GDP. </li></ul><ul><li>IT Exports accounted 35% of the total exports with potential for 2.2 million jobs in IT in the year 2008. </li></ul><ul><li>IT industry will attract Foreign Direct Investment (FDI) of U.S. $ 4-5 billion. </li></ul>
  9. 10. Revenue & Profit from top 3 IT firms of India
  10. 11. India: Pacing Ahead to Emerge as a Major Economy in the World 2007 Global Retail Development Index (GRDI) India has been ranked superior to other major countries by many prominent surveys… AT Kearney placed India among the top three in its FDI confidence index… The retail market along with the services sector has been attracting the interest of major players India is expected to outperform its rivals in the BRIC, in terms of GDP growth rates, from 2015 onwards…
  11. 12. 3G, BWA revenues top Rs 1L Cr <ul><li>  3G and Broadband Wireless Access (BWA) spectrum auction (that garnered Rs 1.08 lakh crore) has helped government reduce the fiscal deficit for the current fiscal, from 5.5% estimated earlier. </li></ul>
  12. 13. Foreign Investments <ul><li>Between April 2000 and December 2010, the computer software and hardware sector received cumulative foreign direct investment (FDI) of US$ 10,601 million. </li></ul><ul><li>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. </li></ul><ul><li>Syntel, an IT company, plans to invest around US$ 50 million in its global development centre in Chennai. </li></ul><ul><li>Russian IT security software provider, Kaspersky Lab, will be investing US$ 2 million in its India operations at Hyderabad during 2011. </li></ul>
  13. 14. Road Ahead for INDIA <ul><li>The Indian information technology sector continues to be one of the sunshine sectors of the Indian economy showing rapid growth and promise. </li></ul><ul><li>According to a report prepared by McKinsey for NASSCOM called 'Perspective 2020: Transform Business, Transform India' the exports component of the Indian industry is expected to reach US$ 175 billion in revenue by 2020. </li></ul><ul><li>The domestic component will contribute US$ 50 billion in revenue by 2020. </li></ul><ul><li>Together, the export and domestic markets are likely to bring in US$ 225 billion in revenue. </li></ul>
  14. 15. Conclusion <ul><li>Thus in the last two decades, the Indian IT industry has contributed significantly to Indian economic growth in terms of GDP, foreign Exchange earnings and employment generation. </li></ul><ul><li>The industry has contributed not </li></ul><ul><li>Only to unleashing the hitherto </li></ul><ul><li>untapped entrepreneurial potential </li></ul><ul><li>of the middle class but also taking </li></ul><ul><li>Indian excellence to the global </li></ul><ul><li>market. </li></ul>
  15. 16. THANK YOU