Abstract
Information technology (IT) plays an important role in development of business, boosting economic growth and employment by energising higher education sector. Software sector is a major component of IT industry. Development of indigenous software products is necessary for nation’s economy through development in software industry. Under ‘Digital India’ and ‘Make In India’ programmes major institutions are involved in policies and initiative programmes, R&D and innovation for growth of software industry. The paper attempts to highlight the crucial contribution of key stakeholders such as universities, technical research institute and private-public software firms, STPI and industrial association for development of software products and services. The Indian Government has taken many initiatives for promotion and adoption of Free & Open Source Software for increasing foreign exchanges, developing indigenous products and achieving vendor’s independence. The paper raise question about unavailability of indigenous software products as compared to Microsoft and other foreign vendor’s products in Indian market. Various institutions are still working on creation of indigenous software and in upcoming time novel products and technologies will be provided by India to domestic and global IT market.
Highlights
Information Technology is an important emerging sector for the Indian economic growth and employment (Vijayasri, 2013)
The last decade was remarkable for the Indian Information technology (IT) industry in the form of Information Technology/ Information Technology Enabled Services (IT/ITES) industry that has transformed India’s image on the global platform
The present study focuses on struggling growth of local software production in India in the current scenario
Summary
Information Technology is an important emerging sector for the Indian economic growth and employment (Vijayasri, 2013). The last decade was remarkable for the Indian IT industry in the form of Information Technology/ Information Technology Enabled Services (IT/ITES) industry that has transformed India’s image on the global platform. India’s cost competitiveness in providing IT services is approximately 3-4 times cheaper than the United States. IT-ITES industry has emerged as one of the most dynamic sector in India’s economic development and is responsible for the global recognition of India as a ‘soft’ power. India is being recognised as the outsourcing destination of the world and known for its reliable and cost-effective delivery of cloud computing services. IT industry has set up over 600 delivery centres across
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