Fostering Business Growth and Innovation Through Internationalization: The Interesting Illustration of the Indian IT Industry

Abstract

With the advent of technological revolutions, India has had major opportunities to leverage its information technology industry and bring it to the world forum as a preferred destination. Unparalleled business growth of the IT industry has been majorly possible due to its unique business model that pulls the strength of internationalization. This chapter gives the history of information technology, followed by an overview of the Indian IT industry, and its global dominance. In doing so, this chapter discusses the interesting theoretical models and frameworks that largely explain the success of the Indian IT industry followed by the elaboration on its innovative global delivery model that utilizes internationalization to gain competitive advantages. This chapter concludes with the implications of the internationalization strategies and approaches to foster business growth for the Indian IT industry.