Software Industry Thrives
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It has emerged that although companies have cut back on their hardware purchases, they continue to spend on services and personnel. This study brings cheer and hope to the Indian software industry, which is more than geared up to continue its dream run. India is also upbeat about its software export prospects because of some of the key developments that have taken place during 2000-01. The statistics speak for themselves:
  • In 2000-01 the Indian software and services industry grossed an annual revenue of US$8.26 billion. The industry registered an overall growth of 55 percent during 2000-01, up from US$5.7 billion in 1999-2000. Software exports grossed a total of US$6.2 billion in this period.
  • Software and services exports accounted for a very healthy 14 percent of India’s total exports of US$44 billion during 2000-01.
  • One out of every four global giants outsourced their “mission critical software requirements” to India.
  • Not only has there been an exponential growth, but the industry has also moved up the value chain. India’s software saga, which began with staffing, moved its way up to software development, then integration, and now centers around top-of-the-line business consulting projects.
  • Contrary to popular belief, over the last few months, many US companies showed increased interest in the Indian software industry. Global majors such as DuPont and Deutsche Bank announced an increase in their outsourcing projects.
  • Quality remained a hallmark of the Indian software industry, with more and more companies gaining SEI CMM (Software Engineering Institute Capability Maturity Model) Level 5 certifications.
  • India’s English-speaking scientific man-power, in terms of numerical strength alone, ranks second only to the United States.

India stands tall today among global contemporaries in the software market, it’s name having become synonymous with expertise in this discipline. A World Bank- funded study has confirmed that foreign vendors rated India as their top choice for software outsourcing. The list of these companies is as long as it is illustrious. It includes General Motors, British Airways, Wal-Mart, Coke, General Electric, Ford, Sony, Nokia, Siemens, United Airlines, Pepsi, Boeing and Citibank.

Indian software companies are increasingly providing sophisticated solutions for e-commerce, e-banking, CRM, SCM, telecom software, mobile internet, WAP, network integration, application development, robotics, embedded software, microelectronics design and software engineering among others.

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