IT in India

As stated in earlier post India is one of the most sought after destination for IT related work. But this did not happen overnight. There are many factors over the years which has led to present status but major development happened in the 90s and early 2000s. Experts attribute these changes to three main reasons.

Y2K problem.This was one problem which held the It industry by the leash in the 90s. Every development, every process and every IT work was facing the threat of Y2K. This required massive amount of work and spending. So much of its work for fixing this problem was outsourced to India. Which gave the Indian IT industry its much needed break and international exposure.

Then came the IT boom which hit the US market in the late 90s. there was lot of IT works to be done and companies were looking for other options than the ones available in their own country. This was a good news for Indian IT companies as lots of work were bagged by them.

And the final push came in the time of recession in 2000-2003 period when lots of big players were looking for ways to cut cost to stay operational. Indian IT companies provided this solutions with their low priced services which the world promptly accepted.

After that Indian IT industry never let go of this opportunity and capitalized on their low cost and huge labor pool to stay ahead in this sector. Today even the multinational companies are opening their subsidiaries in India to capitalize on the resources which has propelled the Indian IT companies to their position today.