IT and IT Enabled Services
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The Indian IT and ITES industry generated approximately $146 billion in revenue in FY15, reflecting a 23.72% growth and contributing about 9.5% to India's GDP. Strengths include a large, skilled workforce and supportive government policies, while challenges involve infrastructure issues and labor laws. Opportunities exist in sectors like medical and space technology, but threats from countries like China and the Philippines pose significant competition.
IT and IT Enabled Services
- 1. Indian IT & ITES Industry Select Market and Thrust Product MBA (IB)- 3rd Semester By Dr. Nishant Joshi,PIMR, Indore
- 2. Snapshot Introduction of the Industry By Dr. Nishant Joshi,PIMR, Indore
- 3. Snapshot Introduction of the Industry By Dr. Nishant Joshi,PIMR, Indore India’s technology and BPM sector (including hardware) is estimated to have generated US$ 146 billion in revenue during FY15 compared to US$ 118 billion in FY14, implying a growth rate of 23.72 per cent The contribution of the IT sector to India’s GDP rose to approximately 9.5 per cent in FY15 from 1.2 per cent in FY98 The top six firms contribute around 36 per cent to the total industry revenue, indicating the market is fairly competitive, with TCS being the leader accounting for about 10.1 per cent
- 4. The Evident Value Chain of the Industry Final Product (i.e. Software or and Integrated Product having both Software and Hardware) Research and Development (In both spheres of software and hardware including integrated development ) ITES (IT Enabled Services like BPO, KBO, LPO and Transcription Services ) Body Shopping both Onshore and Off Shore Training ( i.e. Formatted Education Providers and Certification agencies ) By Dr. Nishant Joshi,PIMR, Indore
- 5. SWOT Analysis of the Industry STRENGTH Large, Trained and Young Population. During FY08-15 number of graduates addition to talent pool in India grew at a CAGR of 9.4 per cent. India added around 5.8 million graduates to the talent pool during FY15 Availability of skilled English speaking workforce. Growing talent pool of India has the ability to drive the R&D and innovation business in the IT-BPM space Separate Ministry and EPC Tax Holiday and Freedom to raise global capital. By Dr. Nishant Joshi,PIMR, Indore
- 6. SWOT Analysis of the Industry STRENGTH Easy processing of SEZ applications for IT Industry Specific amendments in FEMA for supporting the transactions of FEMA Labour Law amendments for IT and ITES Sector Infrastructure Priority Impetus and focus on Hardware manufacturing Industry By Dr. Nishant Joshi,PIMR, Indore
- 7. SWOT Analysis of the Industry WEAKNESS Infrastructure Even though availability of trained English speaking population exists but the quality of manpower is still an issue. Labour Laws still are more designed for manufacturing setup. Safety and security. Indian Visa Norms By Dr. Nishant Joshi,PIMR, Indore
- 8. SWOT Analysis of the Industry Opportunity Africa, South America Frontier applications in the field of Medical Sciences, Neuclear and Space Technology With Opening up of Defence Sector in India and even in some curtained countries this is an area with immense opportunities. Digital Governance By Dr. Nishant Joshi,PIMR, Indore
- 9. SWOT Analysis of the Industry Threat Slowing Chinese Economy shall try to move and establish itself in the services sector. IT being an area closely understood by them shall be the first choice owing to the proven technological development they have achieved over the years. Pakistan even though has a naughty reputation in terms of the support to cross border terrorism and previously a lead professor of Muslim Bomb has recently seen the populations diversion towards IT and ITES industry further to their serious geo-political relations in MENA and low cost labour and infrastructure along with dwindling currency shall soon post a major threat to Indian IT and ITES Industry. By Dr. Nishant Joshi,PIMR, Indore
- 10. SWOT Analysis of the Industry Threat Philippines is a natural substitute to India for services. Currency is around the same and influence and penetration of English is even better. Being a South East Asian country which already has a giant footprint in the global workforce shall soon be knocking doors. Thiland another south Asian country and home of more than 10 Million Tourist every year provides a very conducive environment. Thailand is already a major hub for consumer electronics manufacturing which can easily be supplemented with development of IT and ITES sector the only issue pushing them backwards in their proficiency with English language. By Dr. Nishant Joshi,PIMR, Indore