Abstract
Internationalizing firms, both of Indian origin and foreign origin seems to be the harbingers of the new growth trajectory of Indian IT sector. However, a large number of domestic firms, not able to internationalize seem to have been marginalized. In an attempt to understand this phenomenon, this paper explores the change in the structure and composition of the IT industry in India. Further, it draws upon the implications of such structural shifts on the market structure of the IT sector.
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