India is referred to as the back office of the world owing mainly to IT and ITes Sector. The revenue of the information technology sector has grown from 1.2 percent of the gross domestic product (GDP) in 1997-98 to an estimated 5.8 per cent in 2008-09. Today, Indian IT companies have carved a great niche for themselves in the global market and are known for their IT prowess. Global giants are using the successful outsourcing strategy and keeping ahead of their rivals - thanks to the competitive advantage gained by investing in India.
Realising the wealth of potential in the IT-ITeS sector, the central and state governments are also working towards creating a sound infrastructure for the IT-ITeS sector. CII aims to make the Indian IT and ITeS industry world class by continuously providing a platform for understanding and adoption of the new developments & best practices worldwide in this sector, taking up issues and concerns of the Indian industry with the relevant ministries at National and State level, coming up with studies, reports and surveys to help understand the potential of Indian IT and ITeS market and the issues faced.
Given the current economic slowdown, growth notwithstanding, the IT / ITeS industry in India stands at the water-shed moment in its history, from where steps in any direction would alter the economic landscape of the country in the days to come. The CII - PWC report “Indian IT / ITeS industry – Evolving Business Models for Sustained Growth”, keeping the strengths and potential of the Indian IT scenario in view, strives to enhance these aspects so as to transform the Indian IT identity to an iconic status. CII believes that this report would help turn the goals envisaged by the Industry into realities, and result in directing the world’s focus on India as the hub of IT.