It kick started the software industry. The policy offered a package of reduced import tariffs on hardware and software. Finally the software exports got the recognition of a delicensed industry making them eligible for bank finance. It is due to these policies that the Indian IT industry was able to form such strong foundation.
There are over 2. In the financial year , the IT industry generated an annual revenue close to billion U. The industries in India continue to flourish as they are the largest service providers in the field of devices market and telecommunications services. The major reason behind the rapid development of the IT industry is the vast reservoir of technically skilled manpower which has transformed India into a super power.
Our education system places a strong emphasis on mathematics and science which results in large number of students aiming to join the domestic IT companies in India. The investment in human resource has supplied programmers who have strong technical and analytical skills. India provides the largest market of professional programmers who have the willingness and efficiency to work for the benefits of the IT sector. The Indian IT industry is heavily influenced by factors like the global market and sustenance of its rate of growth.
The global slowdown also affects India, for instance, the recession in the United States impacted the IT community in India negatively. Although the factors which keep India floating are its abundant talent, creation of urban infrastructure, operational excellence, conducive business environment and the continued growth in the domestic IT sector. The IT industry is promising and has a vast potential of growth. There are different sectors which effect and are effected by the IT industry like banking, infrastructure, retail, power and energy and auto companies.
Although the interlinked market has promised to accelerate the growth of IT industry. Employment Opportunities. Latest developments. Classified under RED category. Aluminium industry , Cement industry , Construction industry , Copper industry , Dairy industry , Diamond industry , Fashion industry , Fertilizer industry , Film industry , Granite industry , Health care industry , Jewellery industry , Mining industry , Oil industry , Paint industry , Paper industry , Power industry , Printing industry , Rubber industry , Silk industry , Soap industry , Steel industry , Sugar industry , Textile industry , Tabacco industry , Zinc industry.
The former is termed a software product or package. It may be shrink-wrapped and transported physically or over the Internet. The latter is termed custom software.
Being made-to-order, custom software is more geographically constrained that products, i. Because of this, software products are more readily exportable than custom software. System-level software is the most complex as it manages the interfaces with both hardware and higher level software; applications software is the least complex. Nowadays, all system level software are products.
Since variations in needs appear most at the stage of applications, most customized software is applications software. These attributes are summarized in the table below. Custom software is part of a larger category called software services. Software services are described by type and size in the table below. Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.
Like any other industry, Indian IT too faced challenges, such as absence of a local market, and unfavourable government policy regarding private enterprises. In those days, the industry mostly comprised of Bombay-based conglomerates whose chief purpose was to supply programmers to internationals IT firms overseas.
The s Indian IT faced the most struggle. Software was not recognised as an industry; that meant exporters were not eligible to seek finance from banks. This meant that exporters had now become eligible for bank finance and the industry was unrestricted from license-permit raj.
Foreign companies now had the permission to set up autonomous, export-dedicated units.
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