Ever since the Indian IT revolution in 1963, with the setup of the Bhabha Committee, appointed by the Govt. of India, India has been popular in the global IT exports front. It has been reported the United States of America accounts for more than two-thirds of India’s IT services exports.
Tarzan of the Tech Jungle – India has been the unrivalled king of the IT world by contributing to the 37 per cent of the global outsourcing and exporting of goods and services for the fiscal year of 2017-18. A whopping 700 firms in India offer the widest variety of products for the global market.
Back to the Future – Indian businesses are now taking advantage of emerging technologies like Robotic Process Automation (RPA), Artificial intelligence (AI), digital communications, Internet of Things (IoT) and cognitive computing to improve profitability, collaboration and competitiveness. But not only are the Indian businesses abreast with the latest technologies, but leading Indian institutes are following the latest trends from the world of technology.
Silicon Valley of India – Bangalore is one of the potential places to be the next Silicon Valley of the world. 40% of the Indian IT industry is concentrated in Bangalore. Almost, everymajor tech company like Google, Microsoft, IBM, and Amazon has its headquarters in the city.
Digital India - India’s digital consumer base is the second largest in the world. The government of India aims to transform India into a digitally optimized country with its Digital India scheme. The Government of India has up to 30 schemes, which has the value to create up to $1 trillion of economic value from the digital economy in 2025.
AI Leap – It is safe to say that the next decade of IT will be dominated by the AI sector. According to the employment report 2018, 73% of the industry is likely to adopt machine learning by 2022. Furthermore, the Government of India announced the development of a National AI portal in the interim budget 2019-20.
Sheer Brilliance– Indian education system produces 20.7% STEM graduates in the world. Did you know that it was an Indian student (Ajay Bhatt, Maharaja Sayajirao University of Baroda) behind the invention of the most widely used data transfer standard, the Universal Serial Bus (USB). Vinod Dham, another Indian student from Delhi College of Engineering is known as the father of Pentium chips. It’s just a simple mantra - Study in India, make it big in the world.
IIT and NIT - They are some of India’s premier institutes and dominating the IT sector with their sheer brilliance. 23 Indian Institutes of Technology and 31 National Institutes of Technology are among autonomous public institutes of higher education in India are home to the finest minds in country and offer avant-garde courses in the field of Information Technology. The good news is that International students can access supernumerary seats through Study in India (seats specially reserved for foreign nationals) and increase your chance to get admission to IITs and NITs by leaps and bounds.
Homegrown heroes – India has a long list of organisations and people who best represent what the Indian scenario has to offer. Some of the organisations that are worth billions and have touched lives with their work are as follows.
5. Tech Mahindra