India 2.0

OrdinaryGuy · 06-05-2006, 10:29 AM

Quote:

Hindus believe good actions will lead to a better life each time you are reincarnated, and that’s exactly what has happened in the two decades since India’s software industry sprang to life. Businesses built around Y2K fixes for the rest of the world transformed the country into a hub of a multibillion-dollar industry staffed with low-end coders, call center staffers, and back-office processors. Now India’s tech sector is transforming itself again, and the next iteration will engineer high-end products, foster tech innovation, and create intellectual property. University professors and tech industry CEOs say it’s only a matter of time before the country emerges as a global tech behemoth. Thanks to coffers filled with money from Western companies eager to hire low-wage workers for routine tasks, giants like Infosys and Wipro have cash to burn on research and development. They’re hiring top-flight researchers and product managers, and buying up companies at home and abroad. With the Indian outsourcing market unlikely to grow at the same clip over the next decade, innovation will let the country’s tech firms move beyond their humble roots. Firms like TCS, a company building artificial intelligence software that could one day make call centers redundant, is just one example. There are still opportunities for large software services companies to provide something radically new, says Infosys CEO Nandan Nilekani—just look at Google

http://www.redherring.com/Article.as...subsector=Asia

The next 5 years are going to be exciting times for the Indian IT industry

Archer · 06-05-2006, 11:05 AM

I am more interested in manufacturing to be honest, that could have more of an impact on India.

OrdinaryGuy · 06-05-2006, 11:17 AM

Well no. Services have always been a larger employer and has the potential of employing a very large section of the population.

As manufacturing gets more automated.. the potential of employment decreases. However never the less... manufacturing and industry should be encouraged and promoted.. and they are doing well.

I do feel that India would become the services capital of the world over the next 10 years the same way China has become in manufacturing... China's service industry is largely domestic and has only grown after the growth of China's economy due to export and manufacturing.

What is happening in India is very positive because while services is growing very fast... the manufacturing sector continues to grow fast too at a pace only 1 or 2 percentage points slower than services.

anand1266 · 06-07-2006, 14:35 PM

india's s/w exports are gonna touch 100 bn by 2010.
but biggies like tcs , wipro , infosys , satyam have a long way to go. These are just startup virtually and are still a 2bn dollar companies in revenues(except satyam). They need to buck up to even reac a near level to global behemoths like IBM , accenture , EDS etc. I guess it will take a decade or two to reach there.
but apart from IT companies.Different sectores are going strong too. If india opens up sectors like textiles , retail and telecommunications ...we can have biggies created over-night (virtually). theres so much demand for these but alas!! india is totally controlled by many regulations and rules that prevent global companies or indian biggies to grow internationally.

first reform should be "total capital convertability"....it will greately help current crop of companies to grow handsomely.

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06-05-2006, 11:05 AM	#2 (permalink)
Archer *Senior Contributor* Join Date: 10-13-03 Posts: 2,888	I am more interested in manufacturing to be honest, that could have more of an impact on India.

06-05-2006, 11:17 AM	#3 (permalink)
OrdinaryGuy Contributor Join Date: 09-24-05 Location: Atlanta GA Posts: 361 Country:	Well no. Services have always been a larger employer and has the potential of employing a very large section of the population. As manufacturing gets more automated.. the potential of employment decreases. However never the less... manufacturing and industry should be encouraged and promoted.. and they are doing well. I do feel that India would become the services capital of the world over the next 10 years the same way China has become in manufacturing... China's service industry is largely domestic and has only grown after the growth of China's economy due to export and manufacturing. What is happening in India is very positive because while services is growing very fast... the manufacturing sector continues to grow fast too at a pace only 1 or 2 percentage points slower than services.

06-07-2006, 14:35 PM	#4 (permalink)
anand1266 Patron Join Date: 03-06-06 Posts: 154	india's s/w exports are gonna touch 100 bn by 2010. but biggies like tcs , wipro , infosys , satyam have a long way to go. These are just startup virtually and are still a 2bn dollar companies in revenues(except satyam). They need to buck up to even reac a near level to global behemoths like IBM , accenture , EDS etc. I guess it will take a decade or two to reach there. but apart from IT companies.Different sectores are going strong too. If india opens up sectors like textiles , retail and telecommunications ...we can have biggies created over-night (virtually). theres so much demand for these but alas!! india is totally controlled by many regulations and rules that prevent global companies or indian biggies to grow internationally. first reform should be "total capital convertability"....it will greately help current crop of companies to grow handsomely.

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