...Information Technology in India - setup, history and present day situation Share India is one of the great standup country in the field of science and technology. every year india produces more than 500 thousands engineers. No doubt it is a bulk producers of scientists and technologists. Information Technology remain the backbone of the economical growth of India. and you can see it from the observed facts of exports. The share of IT in exports has increased by 17% from 1990 to 2001. IT based sectors such as Backoffice, remote maintainence, accounting, public service, medical, insurence and other bulk processiong fields are rapidly expending. Indian companies such as HCL, WIPRO, INFOSYS, TCS are today's tough competitors for the other IT organizations. History of Information Technology in India The setup of IT in India was done by the Tata group in association with the Burroughs at Mumbai in 1967. The first software export zone SEEPZ was setup in 1973 this was what we can call the old avatar of the IT parks. at that time 80% of india's software were exported from there. The indian government baughtEVSEM computers from soviat unions in 1968 which was used in big organizations only for the technological and scientific researchs. After the freedom of india in aug 1947 it was an economically beleaguered country. but due to the efforts of PM late. sir Jawaharlal Nehru india very repidly become a wide scientific work-field, such big that it was ranked 3rd after the...
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...Rise of Information Technology in India tIKO The global media started writing about India positively only in the past eight years, largely due to the spectacular progress of the Indian IT industry T2K came as a bolt form the blue and a blessing in disguise. Terms like IT superpower and your job is Bangalore and tom Friedman’s book “The world is flat” that went on to become not a mere new York times best-seller, but the best amount many bestsellers in year 2005 brought Indian into the center stage of global IT. The three software services majors-Infests. TCS and Wipro together-have annual revenues of more than $ 10 billion dollars: each of them employs nearly 100,000 employees by the end of year 2008. The number of IT/ITES professionals employed in Bangalore is just short of the combined employment of the entire state of Karnataka. Though, the global recognition is new to India. IT has deep roots in India going all the way back to the discovery of zero! Even in the recent past a number of developments have taken place mostly away from the media glare, some of them include-investment in education, nurturing excellence in key educational institutions, emphasis on R & D, imaginative policy planning and political will to support and sustain IT across all areas. They all helped Indian IT to grow to its current formidable position. The role of the government can be seen in various measures. Home Bhabha committee realized the need for focus in electronic...
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...The five key elements a borrower should have to obtain credit: character (integrity), capacity (sufficient cash flow to service the obligation), capital (net worth), collateral (assets to secure the debt), and conditions (of the borrower and the overall economy). Read more: http://www.investorwords.com/1/5_Cs_of_credit.html#ixzz31ZgXR6d3 When banks start to tighten lending to the small business market, they look to reduce the risk of issuing a small business loan. To qualify, a small business must understand the risk assessment processes bankers use in loan determinations. Bankers making a loan approval will review a small business in the context of the 5 C's for small business loans and credit as follows: The 5 C's of Small Business Loans Qualification Character: The bank assesses the trustworthiness of candidates for character. Factors for character criteria are: business experience and knowledge, personal and/or small business credit history, references, and education. Capacity: The business and individual's ability to pay back the small business credit determines capacity. Bankers will review the cash flow of the business and determine alternative courses of repayment available. Collateral: To reduce the risk of lending, collateral in various forms of assets can act as another method of repayment. Collateral would include: equipment, real estate, inventory, account receivables, and securities. A personal guarantee (signed document) can be required as an additional...
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...Telangana University, NZB & Dept.of Economics, Osmania University, Hyderabad, India 2 Dept.of Economics, Osmania University, Hyderabad, India E-mail : Swapanjali111@gmail.com1 Abstract - The Indian Information Technology and Information Technology Enabled Services (IT-ITES) industry has been contributing its role in the economic development of India since post liberalization era. The pace growth of this industry is considered as a growth driver for the economy. India has become as “IT Super Power”. The performance of IT industry can be revealed with the evidence of its contribution to the GDP (Gross Domestic Product) of the country, provision of employment opportunities all over the country, IT services and software exports and revenue to the country. This paper examines how does the IT industry is playing its predominant role in Indian economy with its various trends in the contribution to the GDP of India , IT exports, IT revenue trends and employment opportunities. Keywords - IT-ITES, Contribution to GDP, Employment, Exports and Revenue. I. utilities and services for globally oriented businesses. The SEZ Act 2005 envisages key role for the State Governments in Export Promotion and creation of related infrastructure. A few salient features of SEZ scheme are as under: INTRODUCTION The Government of India has identified IT industry as one of the major industries in India and it plays an important role in achieving the policy objectives like economic...
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...Chairman of Satyam Computer Services Ltd (NYSE: SAY), Ramalinga Raju built one of the leading Information Technology companies in the world. Satyam has a global presence with over 53000 employees and serves 44 Fortune 500 companies and over 390 multi-national corporations in 63 countries. Raju was one of the pioneers in the Indian Information Technology industry. He started the company with 20 employees in 1987 when the industry was at a nascent stage and its revenues were reported at over US $2 billion for the year ending March 31, 2008. Satyam achieved huge number of Awards and achievements under the leadership of Ramalinga Raju. Some of Raju’s awards include Ernst & Young Entrepreneur of the year award in 1999, Data Quest IT Man of the Year in 2000, CNBC’s Asian Business Leader – Corporate Citizen of Asia in 2002, Frost & Sullivan Excellence in Leadership award for 2008 etc. Raju furthered the cause of social transformation through Byrraju Foundation, the largest voluntary non-government organization in India. Emergency Medical and Research Institute delivers free medical, police, fire services The company’s core values - efficiency, flexibility, trust, and reliability dissolved at once when Raju admitted in his horrifying confession on how he faked the company’s revenues and profits for several years. His revelation shocked not only employees and investors but also corporate India as well. The repercussions of fraud were felt not only by the Indian IT industry but also by overseas...
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...The current scenario in the IT industry of India and the tremendous growth registered in recent years has generated much optimism about the future of the Indian Information technology industry. Analysts are upbeat about the huge potential of growth in the Information Technology industry in India. Exports - The IT industry accounts for a major share in the exports from India. This is expected to grow further in coming years. The information technology industry is one of the major sources of foreign currency or India FDI (Foreign Direct Investment) - High inflow of FDI in the IT sector is expected to continue in coming years. The inflow of huge volumes of FDI in the IT industry of India has not only boosted the industry but the entire Indian economy in recent years. IT sector is contributing about 8 per cent of the GDP. We crossed $ 100 billion mark. We are looking to cross 300 billion of IT and ITeS exports by 2020. Enterprise software market in India projected to grow 13% in 2012. According to Gartner, Inc. India’s enterprise software market is forecast to maintain its strong performance, with an estimated compound annual growth rate (CAGR) of 13.6 per cent from 2009 to 2016 – the third highest growth rate in the world. In 2012, India will be the fourth largest enterprise software market in Asia/Pacific. The country is forecast to account for 11 per cent of the region’s total revenue of $29.33 billion USD for Asia/Pacific this year, the equivalent to 1.15 per cent of the...
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...Lessons for success shared by Azim Premji June 5, 2008 I just made a post on a lesson from the Infosys Chief Mentor, Shri. Narayana Murthy about . Here comes another email from Shri. Azim Premji, Chairman and CEO, Wipro where he shares about what he learned from gaining success. Dear Wiproite, My own successes and setbacks along the way have taught me some lessons. I wish to share them with you and hope you will find them useful. Lesson #1: Be careful to ask what you want. You may get it. What this means is that do not ask too little either of yourself or the others around you. What you ask is what you get. When I look back at the time when I joined Wipro, I was 21. If you ask me whether I thought that Wipro would grow so by someday, the honest answer is that I did not. But neither did I think it would not. We constantly stretched ourselves to higher and higher targets. Sometimes, it seemed possible, sometimes fanciful and sometimes plain insane. But we never stopped raising limits. And we got a lot more than what we bargained for. Lesson # 2: Respond, don’t react Always be aware of your emotions and learn to manage them. There is a huge difference between people who react impulsively and those who can disengage themselves and then respond at will. By choosing to respond differently, we can prevent another person from controlling our behaviour. I remember a small story that illustrates this well. There was once a newspaper vendor who had a rude Customer. Every morning...
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...The below are the requirements for term paper. 1)Title 2)Object 3)Review(2 articles) 4)Analysis 5)conclusion 6)Source(References) http://www.businessweek.com/blogs/globespotting/archives/2009/01/satyam_scandal.html The terror attacks on Mumbai were just a tremor for the country’s tech industry compared to the shocks coming from the Satyam scandal. Earlier today, Ramalinga Raju, Satyam’s founder and longtime chairman, admitted in a letter to the board that he had been cooking the books for years to make up for revenue and profit shortfalls. Read the details in this report by my BW colleague, Manjeet Kripalani. In his letter, Raju wrote that the cover-up finally got the best of him: “It was like riding a tiger, not knowing how to get off without being eaten.” This admission will have a crippling impact on Satyam. Its chances of getting new business are nil. Don’t expect its current customers to abandon the company overnight. That’s not easy in a tech services business where the operations of the client and service provider are so interwoven. On the other hand, it’s possible that the company may collapse financially, in which case clients will have no choice but to flee. Which brings us to a bigger shock: This betrayal of trust could have a major impact on the entire Indian tech services industry. The industry has spent 20 years building up credibility with Western clients, but this disaster will make many US and European clients rethink their reliance on Indian outsourcing...
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...Agilent Technologies ALLIANCE CONSULTING Allied Computers International (Asia) Ltd Altos India Ltd Ancent Software International Ltd AOL OnlineApis India Ltd Aplab Ltd Applied Materials, IncAptech Ltd Archana Software Ltd Arms Paper Ltd Arraycom (India) Ltd Asia H R Technologies Ltd Asian Electronics Ltd Asian Films Production & Distribution Ltd Asit C Mehta Financial Services Ltd Ask Me Info Hubs Ltd ASM Technologies Ltd ASTIR ITAstro Bio Systems Ltd Atos OriginAtrentaAurionpro Solutions Ltd Avance Technologies Ltd Avantel Ltd AXIS-IT&T Ltd Axon Infotech Ltd Aztecsoft Ltd B B2B Software Technologies Ltd Bangalore Softsell Ltd Baron Infotech Ltd Bartronics India Ltd Bathina Technologies (India) Ltd Birla Shloka Edutech Ltd BITS Ltd Blue Star Infotech Ltd Bombay Talkies Ltd Brels Infotech Ltd Bristlecone C CadenceCalifornia Software Company Ltd Cambridge Solutions Ltd Cambridge Technology Enterprises Ltd CanonCAT Technologies Ltd Cauvery Software Engineering Systems Ltd CCS Infotech Ltd Cerebra Integrated Technologies Ltd CG VAK Software Ltd Chakkilam Infotech Ltd Choksh Infotech Ltd Clio Infotech Ltd CMC Ltd CNI Research Ltd Color Chips (India) Ltd Compare Infobase Compuage Infocom Ltd Compucom Software Ltd Compudyne Winfosystems Ltd Comp-u-Learn Tech India Ltd Compulink Systems Ltd Computational Research Laboratories Computech International Ltd Computer Point Ltd Computerskill Ltd Concurrent (India) Infrastructure...
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...this sunshine industry of India grew from 150 million US Dollars to 50 billion US Dollars between 1990-1991 and 2006-2007. The growth of the IT industry has been very high in the last few years. The size of the Information Technology industry of India was 5.7 billion US Dollars in 1999-2000. After the turn of the century the industry experienced exponential growth to reach the 50 billion mark by 2006-2007. The projections about the size of India's IT industry present a very optimistic picture. The industry is expected to grow to double its current size by the year 2012. India's IT industry is expected to grow at an annual average rate of 18% in the next five years. The industry is also expected to cross the 100 billion US Dollar mark by 2011. One of the major areas of growth for the IT industry of India is by tapping the potential in the domestic market. The IT industry of India is largely dependant on the export market. Penetrating more into the domestic market would create further opportunities of growth for the IT industry. POLICES N REGULATION The projections about the size of India's IT industry present a very optimistic picture. The industry is expected to grow to double its current size by the year 2012. India's IT industry is expected to grow at an annual average rate of 18% in the next five years. The industry is also expected to cross the 100 billion US Dollar mark by 2011. One of the major areas of growth for the IT industry of India is by tapping the potential...
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...IT from India’ to 'IT for India' Bottom of Form India has come a long way as a supplier of IT services to the world. Analysts say that India has revolutionized the services sector the same way as Japan changed the manufacturing sector. But, Indian IT sector has mainly catered to a global market, and very little was done for the local market in India in the past. India presents a very large untapped market in terms of technology adoption and usage. The scope of technology development for India as a market is at a position when the world was some 15 years ago. The major advantage is that India can start implementing technology from the point where the rest of the world is right now. It can leapfrog ahead of the rest of the world with very little legacy technology to cope with. Indian Market-India should be considered not as a country but as another world in itself. People have committed the mistake of considering it as a single big unit of similar attributes and needs or in other cases, seen little value in understanding the diversity of the country. They concentrated more on the well-off English speaking crowd of the country and never seen any true value in tapping the regional segments. FMCG, Education, Entertainment almost everyone else except IT has understood the value of tapping into the regional segments. This can be mainly attributed to the fact that IT was never meant for the Indian market. While other industries aimed to cater to local demand, IT was basically present...
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...ECONOMICS PROJECT TOPIC: INFORMATION TECHNOLOGY BY TANU SHARMA TYBAF – 53 INTRODUCTION The information technology (IT) industry has become of the most robust industries in the world. IT, more than any other industry or economic facet, has an increased productivity, particularly in the developed world, and therefore is a key driver of global economic growth. Economies of scale and insatiable demand from both consumers and enterprises characterize this rapidly growing sector. The Information Technology Association of America (ITAA) explains 'information technology' as encompassing all possible aspects of information systems based on computers. Both software development and the hardware involved in the IT industry include everything from computer systems, to the design, implementation, study and development of IT and management systems. Owing to its easy accessibility and the wide range of IT products available, the demand for IT services has increased substantially over the years. The IT sector has emerged as a major global source of both growth and employment. INDIA AND INFORMATION TECHNOLOGY INDUSTRY Information Technology is one of the most important industries in the Indian economy. The IT industry of India has registered huge growth in recent years. India's IT industry grew from 1.2% in 1997-1998 to 5.8% in 2007-2008. In the last ten years the Information Technology industry in India has grown at an average annual rate of 30%. The liberalization...
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...Abstract This paper will discuss what outsourcing is about and the impact of outsourcing information technology to China. It will take a look at the benefits, challenges and risks faced when a company makes the decision to outsource their information technology functions to China. As globalization accelerates and competition intensifies, outsourcing has become a strategic solution for many corporations and governments around the world. More companies are outsourcing their goods and services to other countries. It has become a way for many companies to gain cost savings, increase productivity by outsourcing their information technology goods and services. Outsourcing of information technology services is one area that companies are taking more and more advantage of. Companies that outsource see increase productivity and quality improvement in their information technology services. China is starting to make advancements in their information technology outsourcing services, in the goal of one day being the number leader in this outsourcing area. Outsourcing Information Technology to China The world of outsourcing continues to grow with different goods and services being sent to other countries. Outsourcing of goods and services has been around for some time now. According to Patterson, Gott & King (2011), “IT and BPO offshoring are early manifestations of a larger trend that, in the long run, means that more functions can and will be located outside the countries...
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...Information Technology and Rural Development in India – Nirvikar Singh, University of California, Santa Cruz, USA Information technology and rural development in India* Nirvikar Singh University of California, Santa Cruz, USA April 2004 Abstract How can information technology (IT) contribute to rural development? What are the channels through which impacts can be realized, and what are the practical means for realizing potential benefits? This paper examines several ongoing projects that aim to provide IT-based services to rural populations in India. These projects are distinguished by the goal of commercial sustainability, which supports scalability and, therefore, more widespread benefits. The analysis highlights the common building blocks required for successful implementation, and the relative strengths and weaknesses of different approaches. Keywords: India, information technology, Internet, rural development JEL codes: O12, O3, L31, P2 Contact: Professor Nirvikar Singh, Department of Economics, Social Sciences 1, University of California, Santa Cruz, CA 95064, USA, ph: 1-831-459-4093, fax: 1-831459-5900, email: boxjenk@ucsc.edu. 1 Information Technology and Rural Development in India – Nirvikar Singh, University of California, Santa Cruz, USA 1. Introduction It may seem paradoxical that modern information technology (IT), associated in our minds with developed country markets and capital-intensive methods of production, has any relevance for a country where...
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...E-Governance for Rural Development Swati Bhatt Sr. Lecturer (Marketing Area), Dept of Management Studies India is a land of diversity. This diversity spans across culture, tradition, language, geography and the economic condition of the people. It is a nation that has a significant number of people who are below the minimal socio-economic benchmarks. This includes rural and urban poor, women in rural areas, street children, people belonging to historically disadvantaged castes and people living in less developed areas. The vulnerability of these sections of society has increased with globalization and this section is prone to become even more marginalized - economically and socially. Successive governments have committed themselves to addressing these divides, but effective implementation of various economic development programmes aimed at individuals belonging to these sections of society has proved an elusive goal. During the 1980s and early 1990s, initial attempts towards e-Governance were made with a focus on networking government departments and developing in-house government applications in the areas of defence, economic monitoring, planning and the deployment of IT to manage data-intensive functions related to elections, census, tax administration etc.80 These applications focused on automation of internal government functions rather than on improving service delivery to citizens. Over the past decade or so, there have been islands of e-Governance initiatives...
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