India was long seen as an outsourcing destination for companies in Europe and the United States. But the country is starting to transform itself. Its IT industry is blossoming into a global innovation hub.
India has achieved rapid economic growth as an ideal outsourcing destination. But its IT industry is starting to prosper as young people who studied computer-based courses at a university level have gained experience working for overseas firms, and they've returned to India, armed with their new skills & knowledge. Their company's products are attracting the attention of businesses across the world. With its creative, highly-skilled workers, India has a bright future ahead as a technology hub that can bring sweeping innovation to the world.
Although the $150 billion IT industry in India might be going through a rough patch in the near future with automation and artificial intelligence threatening to take away low-level outsourcing jobs. Rising protectionism in the US is not helping the outsourcing industry either.
The IT industry has put India on the world map. But will the sector continue to hold sway or is its sheen diminishing?