Roadmap ahead for Indian IT industry: A macroeconomic perspective

Abstract

Indian IT industry has seen a phenomenal growth in the last two decades with a Y-o-Y growth exceeding 30%. The share of Indian IT-BPO industry is close to 6% to our GDP. It has crossed significant milestones in employment generation, revenue growth to become the global brand ambassador of the Indian growth story. However, the IT industry has been hit hard by the global recession in the last two years. This has initiated a number of strategic shifts from the IT companies. Under this project, a detail evaluation has been done on the current strategies of Indian IT companies and a roadmap for future has been suggested. Detail company analysis has been done for four major IT companies TCS, CTS, Infosys and Wipro. The findings of the individual company analysis are summarized in the table below. After the individual company analyses, the major challenges that the IT companies are facing have been identified. The following issues have been analyzed.