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Information Technology in India From November – 2008
No doubt IT had its birth in overseas, but its India and we Indians who helped it to grow and touch its peak .This is one such field which gave scope for thousands of talents to enhance their capabilities and make the most out of it.
Now coming to the fact majority of the companies in overseas work on their projects and investments in India, since the value of Dollar sounds 42 times high. For example IBM, Dell, Accenture, Oracle etc.Several Indian Companies like Infosys, Wipro, and Satyam also have their major deals with foreign markets.
The present crisis that brought IT down in numbers evident in sensex listing; what could the reasons be. For a country like India where IT has been a source for existence, how is it able to withstand the downfall? What factors lead to such recession?
History repeats, the downfall of sensex and IT have happened in year 2001, when WTC collapsed. Next was during the time of Harshad Mehta Scam in 1993.Reasons for present downtrend is Inflation. Example, the VAT percentage was 4, six months before, now its 12.5% .So profits of big organizations in overseas are paid back in tax form. Next, small companies which work for months together to make those little profits can no longer sustain with this rise in Inflation.
Software Testing Services India
Today we are living in a quality driven information technology and wireless application world, and if someone says that it is quality that gives you an edge in business then it won’t be wrong. In past couple of years, the world has become techno-savvy and quality has turn out to be the major factor for successful software development. Now if try to relate quality in IT industry the most vital aspect that comes into the main picture is software testing. In simple words software testing can be defined as process aimed to evaluate various attributes of software and determine whether the software has been capable to meet the desired result.
Any organization that neglects this important process in software development life cycle and the quality control standards can destroy its own image and the brand value of the company. Furthermore, considering about the drastic outcome any negligence in software testing can result in the waste of the whole amount of money that you have spent on your project. Having a software test plan is a necessary feature of any software documentation. The reason of software testing can be quality assurance, confirmation or reliability estimation. These days software is widely used in many critical applications, and the outcome of a bug in any software can cause huge losses.
IT (Information Technology) Services in India
Organization information technology industry has played a key role in putting India on the global map. Thanks to the success of its IT industry. Globalization and its effects on the global economy have a profound effect in shaping the global IT industry. There is great, unceasing demand for technology-enabled business transformation,constant innovation in technology and technology-intensive products and services across all sectors. Now India is thinking for a better future in IT industry.
According to the National Association of Software and Service Companies (NASSCOM), the apex body for software services in India, the revenue of the information technology sector has risen from 1.2 per cent of the gross domestic product (GDP) in FY 1997-98 to an estimated 5.8 per cent in FY 2008-09.
India’s IT growth in the world is primarily dominated by IT software and services such as Custom Application Development and Maintenance (CADM), System Integration, IT Consulting, Application Management, Infrastructure Management Services, Software testing, Service-oriented architecture and Web services.
The Indian IT services market is estimated to remain the fastest growing in the Asia-Pacific region.
As one of the sectors critical to India’s emergence as the next super power, the IT sector has considerable expectations from Budget 2009-10. The general expectation is that the subsequent budget will help to provide the required stimulus for companies to emerge strongly from the current slowdown and reinvest for long-term growth and development.
Use of IT is particularly important for managers, professionals, associate professionals and secretarial/administrative staff.
Information Technology: Current Events in India
In a few brief decades of human history, information technology has permeated every corner of the world and every facet of the human experience. Nowhere is this phenomenon more marked than in India. India’s high availability of technically trained workers, who are also multilingual, make it extremely competitive on the world economic stage. Indian Institutes of Technology are recognized for their excellence on an international scale. The Information Technology sector in India is mostly taken up by software and and services like, system integration, application development and maintenance or CADM, consulting, software testing, and internet services. Companies like Wal-Mart, Intel, Cisco, Oracle and Dell are continuing to look to India’s Information Technology organizations to provide technology services.
Recent economic downturns have affected India, not unlike other parts of the globe. However, recent events make an early recovery in India’s information technology companies, promising. India’s largest exporter of computer software, Tata Consultancy Services, Ltd. reports a 29% increase in second quarter 2009 profits. While the profits are attributed to both new orders and cost control decisions, it is not the only firm to report results that were better than anticipated. Infosys, as well is reporting an upswing. Overall, third quarter results are up around 16 billion rupees, as compared to last year’s 13 billion during the same time period. TCS plans to add 8000 employees to its rolls to meet the anticipated increased demands in the coming year. In other developments, India’s Polaris Software Lab Ltd. has agreed to purchase Laser Soft Infosystems Ltd. Laser Soft provides information technology services in the banking industry. The purchase, for approximately 520 million rupees will add 600 people to Polaris’ 9,000 and 40 financial institutions to Polaris’ holdings. The banking technology market is predicted to experience continued near-term growth. Payment processing and other banking infrastructure and transaction systems are anticipated to lead the momentum as worldwide economic recovery continues to unfold.
Software Usage in India: the Whole Story
Software Industry in India uniquely identified Compare another Countries Software Industry, if we are talking about revenue concern with another domestic project then it hardly reach up to 50% of the total turnover of the software Industry, Yet now a days, there is a heavy emphasis on exports, this may sound good, It actually is also a potential source of concern.
Reason behind it is that the Software Industry is vital a support industry. The Important role of software industry is to, to improve the functionality of some form,
or solve some problem which will be hard to solve manually. The improvement may be in form of improved form or service, problem solving capability, information management, efficiency, or something else. In other words, the real success of the software industry should not be measured in terms of how much revenue they have generated, but how much enhancement they are able to induce in other industry segments. In this light, the high ratio of exports to domestic consumption of software is a disturbing trend – in exports the multiplying effect of the software goes to some other country.