A sudden surge in pay packages to attract the best of talent could nibble away the competitive advantage India has had all along and make it less attractive for global companies.
STPI to set up 12 Centres of Excellence across India
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Last Updated: Jun 07, 2021, 06:53 AM IST
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The Software and Technology Parks of India (STPI) will set up these 12 centres of excellence in cities such as Bengaluru, Gandhinagar, Patna, Bhubaneshwar, Gangtok and Itanagar.
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The $194-billion IT industry, comprising more than 18,000 firms that directly employ 4.47 million people, accounts for 8% of the country’s gross domestic product (GDP).
Bengaluru: The Software Technology Parks of India (STPI) will set up 12 centres of excellence across the country to build products and solutions in areas such as healthtech, IOT and SmartAgri as it looks to nurture small companies and startups to work on these solutions.
Nasscom pegs Indian IT industry revenue at $194 billion for FY21
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Last Updated: Feb 15, 2021, 04:28 PM IST
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The Indian IT industry now accounts for 8% of India’s GDP and has a 52% share in services exports from the country.
Mumbai | Bengaluru: National Association of Software and Service Companies (Nasscom) has said that the Indian IT industry is pegged to report revenue of $194 billion in FY21 at a growth rate of 2.3% year on-year.
The three key areas of technology that the IT industry will focus on building offerings in are artificial intelligence, cybersecurity, and internet of things. “One of our biggest focuses is on developing a very strong ecosystem and regulatory framework for these three technologies,” said Debjani Ghosh, president at Nasscom.