Advantage India
Growing
Demand
* In FY22, the top three Indian IT companies, TCS, Wipro and Infosys, are expected to offer 1.05 lakh job opportunities due to the increasing demand for talent and skill.
* India‘s IT and business services market is projected to reach US$ 19.93 billion by 2025.
* According to Gartner estimates, IT spending in India was forecasted to be US$ 81.89 billion in 2021 and further increase to US$ 101.8 billion in 2022.
Global
Footprint
* Indian IT firms have delivery centres all across the world.
* IT & BPM industry is well diversified across verticals such as BFSI, telecom and retail.
* Increasing strategic alliance between domestic and international players to deliver solutions across the globe.
Competitive
Advantage
* In FY21, India ranked third worldwide with 608,000 cloud experts across all verticals, including technology.
* The computer software and hardware sector in India attracted cumulative foreign direct investment (FDI) inflows worth US$ 85.51 billion between April 2000-March 2022.
Policy
Support
* In the Union Budget 2022-23, the allocation for IT and telecom sector stood at Rs. 88,567.57 crore (US$ 11.58 billion).
* The government introduced the STP Scheme, which is a 100% export-oriented scheme for the development and export of computer software, including export of professional services.
Tata Consultancy Services (TCS)
Tata Consultancy Services (TCS) is an IT services, consulting and business solutions organisation that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led integrated portfolio of IT, BPO, infrastructure, engineering, and assurance services. This is delivered through its unique Global Network Delivery Model (GNDM) recognized as the benchmark of excellence in software development.
TCS— a part of the Tata Group, India's largest industrial conglomerate—has over 488,649 associates (including subsidiaries), representing 154 nationalities, across 46 countries. The company is India's first listed IT company to reach the US$ 100 billion market capitalisation mark.
Company Website: https://www.tcs.com/
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Infosys Limited
Established in 1981, Infosys Ltd is today one of the largest IT companies in India and the world. The company provides business information technology (IT) services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management.
Company Website: https://www.infosys.com/
Read MoreWipro Limited
Wipro Limited is a global leader in information technology, consulting, and business process services. It harnesses the power of cognitive computing, hyper-automation, robotics, cloud, analytics, and emerging technologies to help its clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, it has over 200,000 dedicated employees, serving clients across six continents.
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