National Council for Information Technology
India is now known globally for its new mantra- Information Technology; which
has its roots in the strategic transformation started by the success of India’s
export led software industry. Just a few years ago, a small group of initiators
within the government and entrepreneurs visioned the opportunities and started branching
from export of software to IT enabled services.
Despite the unprecedented global economic downturn, the Indian IT industry has weathered
the storm well, and will achieve sustainable growth going forward. India is expected
to witness an average 8% salary increase in 2010 and around 50% of companies have
strong hiring plans, according to a survey by global HR consultancy Mercer, giving
yet another indication of the high confidence levels among the country’s corporate
houses after the economy staged a faster-than-expected recovery from the slowdown.
However, after decades of riding storms and chasing deals, the Indian information
technology juggernaut is being confronted with a grave challenge. Having cornered
some 10 per cent of the $700 billion global outsourced IT services market - and
in the process, matured from greenhorn start-ups to billion dollar entities straining
for more growth, it is now time for Indian IT majors to compete with the international
big players to sustain longer.
In light of the same, IBCHAM (Indian Business Chamber) has constituted a separated
and dedicated National Council for Information Technology.
The Council is committed to build a growth led and sustainable technology and business
services sector in the country.