I think there are opportunities outside India as well as in India. In fact, some of the largest projects that most Indian software companies are doing are in India.
Sentiment: POSITIVE
I think India has several advantages in the knowledge sector, in the software sector.
As a traditionally risk-averse nation, India has rarely been at the forefront of innovation. Indian companies have mostly imitated others and became very good at it.
To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global jousting for manufacturing jobs, India does not get its share.
There was a time when bright people had few prospects for higher education and good jobs here. But that is changing. India is no longer seen as an undesirable place to work or pursue research.
If anybody was to look towards a big source of demand in future, it would be hard for them to miss India.
It's a mistake to believe technology rests outside India. We compete very successfully.
Import and substituting imports with domestic production are a big opportunity. With a devaluation of the rupee, imports get expensive, and for Indian manufacturers, this creates a huge opportunity.
So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services.
IT companies in Bangalore are a reliable engine of development for India.
India has long been an exporter of talent to tech companies... But it is India that's now undergoing its own revolution.
No opposing quotes found.