Hi guys...!!!!! I thinks this artical with put some weight in this Thread which will explain why worldwide software compnies prefers India for the basement for their Asian bussiness launch
It's the technological revolution that at times brings surprising opportunities for some nations. India, though not among the front runners in terms of economic growth, has successfully utilized such opportunities in the revolution to become an IT hotspot. For the past several years, India has been an increasingly favored destination for customized software development. As a result, a number of software companies in India have come up. Not only the number of players has increased in the Indian IT market, but at the same time, Indian software companies have done considerably well in the global market. Such huge success of software companies in India has given birth to a new speculation whether other developing countries should imitate Indian example and whether the success of India would constitute a competitive challenge to the software industry of the developed world or not.
The Software Industry in India
With the huge success of the software companies in India, the Indian software industry in turn has become successful in making a mark in the global arena. This industry has been instrumental in driving the economy of the nation on to a rapid growth curve. As per the study of NASSCOM-Deloitte, the contribution of IT/ITES industry to the GDP of the country has soared up to a share of 5% in 2007 from a mere 1.2% in 1998. Besides, this industry has also recorded revenue of US$ 64 billion with a growth rate of 33% in the fiscal year ended in 2008.
The export of software has also grown up, which has been instrumental in the huge success of the Indian software companies as well as the industry. In fact, software export from India accounts for more than 65% of the total software revenue. The domestic software market largely depends upon sale of software packages and products, which constitute major part of revenues. Products account for almost 40% of the domestic market. On the other hand, more than 80% of revenue from software exports comes from software services like custom software development and consultancy services etc.
Reasons behind Success of Indian software companies
There are a number of reasons why the software companies in India have been so successful. Besides the Indian software companies, a number of multinational giants have also plunged into the India IT market.
India is the hub of cheap and skilled software professionals, which are available in abundance. It helps the software companies to develop cost-effective business solutions for their clients. As a result, Indian software companies can place their products and services in the global market in the most competitive rate. This is the reason why India has been a favorite destination for outsourcing as well. Many multinational IT giants also have their offshore development centers in India.
IT Business Sectors
Most of the software companies in India are into varied types of business. There can be several types of business in the IT sectors:
Infrastructure Software: These include OS, middleware and databases.
Enterprise Software: These automate business process in diverse verticals like finance, sales and marketing, production and logistics.
Security Software
Industry-specific Software
Contract Programming
Top Software Companies in India
There are plenty of software companies in India which have been doing well. However, some of the top Indian software companies can be listed as:
Tata Consultancy Services
Wipro Limited
Infosys
*Microsoft India
*EDS India
HCL Technologies
Tech Mahindra
*EA Games
*Yahoo India
Patni Computer Systems
*PTC India
i-flex Solutions
*Google India
MphasiS
L&T Infotech
IBM India
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