(click image to see chart)
The Indian software industry has the potential
to become one of the largest in the world and is attractive to overseas
vendors as a rapidly growing market. The modernising Indian economy will
further stimulate the demand for software products of international quality
for various business and industrial sectors.
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Tough copyright laws to protect Intellectual
Property Rights
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A fast growing domestic market with immense
potential for accelerated growth
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A low level of tariff on imported software
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Local reproduction of overseas software eliminates
shipment charges
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Large pool of technical manpower offers reliable,
state-of-art software services at international quality
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Cost advantage in outsourcing from India
Presently software revenues are US $ 835 million,
which does not include in house development of software by large end users.
The software industry is estimated to be worth US $1 billion when in house
development is included.
The following aspects of the software industry
are described:
(click image to see chart)
Recognition worldwide, of the excellence
of Indian software professionals, and the benefits of working with them,
has fuelled a remarkable, sustained growth in exports. The CAGR over the
last 5 years is an impressive 35%!
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