IT’S HEYDAY FOR INDIAN TECH COMPANIES. ACCORDING TO CHAIRMAN AND CEO OF BUSINESS PUBLISHER “FORBES”, “INDIA IS SET TO BECOME GLOBAL LEADER IN TECHNOLOGY SERVICES “. THE MAIN REASON BEHIND THIS EFFLORESCENCE BECAUSE OF WEAKENING OF US DOLLAR. INDIAN SOFTWARE GIANTS LIKE TCS, INFOSYS , WIPRO ETC HAVE WITHSTOOD THE GLOBAL ECONOMIC MELTDOWN IN A VERY UNRUFFLED WAY.
THE TEMPO OF THE ECONOMIC GROWTH IN INDIA HAS HELPED THE COUNTRY ABLE TO WEATHER THE CRISIS VERY WELL. GOVERNMENT SUPPORT SHOULD BE THERE ADEQUATELY IN TERMS OF INFRASTRUCTURE AND FOR THE DEVELOPMENT OF THE NATION.
IN 2008-2009, THE INDIAN ECONOMY ROSE 6.7%, WHILE IT WAS EXPECTED TO GROW 6% IN THE CURRENT FISCAL YEAR. GOVERNMENT SHOULD CONCENTRATE MORE ON SIMPLIFYING THE TAX CODE AND REDUCING THE TAX RATE. FOREIGN INSTITUTIONAL INVESTMENTS (FII) SHOULD BE THE NEXT BIG THING IN THE AGENDA.
A BIG BALLYHOO WAS CREATED ABOUT THE MONSOON RAIN DEFICIT, BUT I THINK THE INDIAN IT (INFORMATION TECHNOLOGY) COMPANIES CAN BEAT THE MONSOON BLUES.
THE IT SECTOR WOULD BE THE FIRST TO TAKE THE ADVANTAGE OF THE RECOVERY OF GLOBAL ECONOMIC IMBROGLIO. THE IT SECTOR IS THE NEXT HARBINGER AS BAD MONSOON MAKE INVESTMENTS IN OTHER SECTORS LESS ATTRACTIVE. Q2 RESULTS OF TCS,INFOSYS ETC SEEMS TO BE VERY HEALTHY.
THE IT BELLWETHER INFOSYS TECHNOLOGIES HAS BEEN NAMED AMONG THE WORLD’S 100 FASTEST GROWING COMPANIES BY AMERICAN PUBLICATION FORTUNE. COGNIZANT IS RANKED 90. COMPANIES LIKE TCS, INFOSYS, BHARTI AIRTEL HUL ETC HAS BEEN RATED AS INDIA’S MOST ADMIRED COMPANIES.
THERE IS LOT OF POTENTIAL AMONG INDIAN IT COMPANIES TO BECOME GLOBAL LEADER. THEY ARE ALREADY GLOBAL PLAYERS IN CERTAIN ARENAS. ALL WE NEED IS THAT THE BUREACRATIC PROCEDURES TO BE SIMPLIFIED TO FACILITATE ENTREPRENEURSHIP
