Indian IT industry analysis: Economic and financial analysis

Abstract

The Global Recession has had its impact on all sectors of economy. However, IT industry was one that was least affected. In this report, we try to identify the reasons or factors which helped them achieve it and see if it is unique to the industry. TCS, being the largest player, was used as the anchor to analyse the industry. The report includes a general financial analysis and another depth analysis of different verticals by dividing the period between 2006 to 2017 into three phases- The Global Economic Recession Phase, The Mild Slow Down Phase and The Uncertainty Phase. We could see that the world is moving towards automation and digitisation and the role of IT industry is quite significant in that. India, being the hub of outsourcing services could retain its might over the next few years because of the competencies developed over the years. We could also identify competencies and strategies followed by TCS, which helped them retain its leadership over the years.