India has long been a powerhouse in the technology realm, marked by its prowess in IT services and the 'Make in India' initiative. India's IT landscape is a mosaic of excellence driven by a robust services sector. The IT industry in India has been a significant contributor to the country’s socioeconomic growth. According to data platform Statista, the IT industry accounted for 7.5 percent of India’s GDP in the financial year 2023.
Boasting the largest user base for desktops, laptops, and mobile phones, India has emerged as a global IT service provider, renowned for its skilled workforce and technical acumen. Yet, despite these achievements, a notable absence of globally recognized private-sector brands persists in the aforementioned areas, urging a re-evaluation of the current trajectory.
The Present IT Landscape
India's present IT landscape stands as a testament to the nation's technological prowess and global impact. Anchored by a thriving services sector, Indian IT giants have not only elevated India's standing in the global IT arena but have also played pivotal roles in providing innovative solutions to a diverse range of industries worldwide. The country's top tech companies continually demonstrate agility and resilience, adapting to emerging technologies such as Artificial Intelligence, cloud computing, and cybersecurity.
This story is from the September 2024 edition of Siliconindia - India Edition.
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This story is from the September 2024 edition of Siliconindia - India Edition.
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