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Trends and challenges of the Indian IT-ITES Industry

Introduction Information technology is one of the most important industries of India.Though in the 1970s high import duties have forced many IT companies to leave India including IBM, the liberalization of the Indian Economy, starting from the beginning of the 1990s, has attractive many multinational companies to start their operations in India. In the meantime, home grown IT giants like TCS, Infosys have experienced an enormous growth slope.
As more growth is forecasted in the IT sector, hence the need of the hour is for an efficient and innovative human resource work force in this industry. This calls for a radical change of Education policies in India.
This report is an attempt to look at the trends and challenges of the Indian IT-ITES Industry and the Education and Skill development reforms formulated in the Indian scenario.
Global IT and ITES Industry Global technology spending on hardware and IT-ITES was about US $ 1.7 trillion in 2007 and growing at a CAGR of about 7% in the last two years before 2007.Moreover engineering and R

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