columns

India Develops its Information Technology

Ahmed Hassan Hurga

The Information Technology (IT) Industry is an essential component of the technology-driven knowledge economy of the 21st century. Globally India has been recognized as a knowledge economy due to its impressive IT industry. The industry mainly encompasses IT services, IT-enabled services, e-economy online business, and software and hardware products. This industry is also instrumental in creating infrastructure to store, process, and exchange information for important business operations and other organizations. The IT-based services and products have become indispensable for flourishing any business enterprise and accomplishing success. This industry has a conspicuous impact in improving the productivity of almost every other sector of the economy; it also has huge potential for further accelerating the growth and economic development information.

Technology not only contributed to the economic development of the country but has also made governance more efficient and responsive. It has made access to government services and information easier and inexpensive. Information Technology has also made management and delivery of government services such as health services, consumer rights, more effective with enhancing transparency.

The rapid advancement within the IT industry and liberalization policies such as reducing trade barriers and eliminating import duties on technology products by the government of India are instrumental in the growth of this industry. Also, various other government initiatives like setting up software technology parks. After independence till 1972, India did not have any guiding policy or framework for computer software technology. However, the government had taken several initiatives for starting the design and production of computers in educational institutes during this period.

In the last decade, India has emerged as an IT hub for the software companies of the world, and Indian software companies have taken prominent positions in the global IT sector. India has become the World’s largest sourcing destination for the IT industry. Online retailing, cloud computing and e-commerce are all contributing to the speedy growth of the IT industry. The rate of growth in the IT sector for 2019- 2020 is approximately ten percent.

Indian IT industry has grown rapidly with an exponential growth rate after the economic reform of 1991-1992. Indian IT companies have set up thousands of centers within India and around 80 countries across the World. The majority of global corporations are sourcing IT from the Indian IT industry, it accounts for approximately 55 percent of the global services sourcing market.

India’s digitally skilled pool has grown over the period and accounted for around 75percent of global digital talent. India’s four large IT companies (TCS, Infosys, and Wipro HCL Tech) have employed more than one million employees. New IT-based technologies such as technologies, remote monitoring, are expanding and boosting the demand in the digital economy. The rollout of fifth-generation communication technology, growing adoption of artificial intelligence, Big Data analytics, cloud computing, and the internet of things will further expand the size of the IT industry in India. As the size of India’s digital economy is increasing, IT companies are establishing their centers in cities which will further enhance the growth and reduce the existing disparities.

The IT Industry in India has grown with an exceptionally high growth rate in the post-reform years and contributed a large share to the national GDP. Despite the uncertain global economic scenario, the IT industry has steadily augmented and accelerated the growth of India. This Industry absorbs a large pool of Indian skilled human resources which makes the country a global IT hub. The IT Industry has been instrumental in transforming the whole Indian economic and governance landscape. India’s IT industry is gaining footsteps in new disruptive technologies and will play a leading role in the ongoing fourth industrial revolution globally.

We can say that India enabled to develop its experience in the Information Technology (IT) field and considered as a pioneer State in this regard of information technology whereas New Delhi becomes important in its regional arena famous for producing Information Technology and contributed by its production for its neighboring countries and outdoors through its companies which have played a crucial role to transform its technical and technology to others through short courses due to providing the trading to the developing third World which benefits from its advanced technology.

Back to top button