HIGH PRIORITY MARKET - IT
IT SECTOR TO BE DRIVEN BY STRONG DEMAND AND INDIAN EXPERTISE
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Talent pool
5.8 million graduates are estimated to have been added to India ’ s talent pool in FY15 , 1.5 million form ready to hire pool Strong mix of young and experienced professionals
Global demand
Ü Global BPM spending estimated to rise by 4.4 % and reach USD2.7 billion in 2015
Ü Global IT services spending is expected to have declined by at around 5.5 per cent during 2015 and reached USD3.5 trillion
Growth drivers
Policy support
Ü Tax holidays for STPI and SEZs
Ü More liberal system for raising capital , seed money and ease of doing business
Ü A fund of around USD16.5 million to promote new technology start-ups in the 2015-16 Budget
Infrastructure
Ü Robust IT infrastructure across various cities in India such as Bengaluru
Ü Technology mission for services in villages and schools , training in IT skills and E- Kranti for government service delivery and governance scheme
Domestic growth
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Computer penetration expected to increase Increasing adoption of technology and telecom by consumers and focused government initiatives leading to increased ICT adoption
Source : Nasscom , TechSci Research Notes : STPI stands for Software Technology Park of India , SEZ stands for
Special Economic Zone , ICT - Information and communications technology
TECHNOLOGY – A KEY INFLUENCER FOR DOMESTIC IT SERVICES
Ø Indian IT companies like TCS , TechMahindra Limited , Mphasis , HCL Technologies Limited , Larsen & Tourbo Infotech Limited , Wipro Technologies Limited , Oracle Financial , Infosys Technologies Limited are expanding their footprint in order to meet client ’ s requirements globally
Ø Indian Firms have started adopting the global delivery model to cater to the local market and for taking advantage of low cost
IT Sector Segmental Breakup - By Companies ( FY15 )
Indian Service Providers ( TCS , Infosys , Wipro , HCL , etc )
Global inhouse centers ( EMC , Fordm Boeing , Honeywell , etc )
Multinational Corporations ( IBM , Accenture , HP , Microsoft , etc )
Source : Nasscom , Assorted News Articles , TechSci Research
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