The Rise and Future of ICT in India</TITLE
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The document discusses the rise and future development of information and communication technology (ICT) in India. It notes that the ICT industry in India has experienced rapid growth and is expected to continue growing significantly. By 2020, the ICT industry's revenue is projected to reach $225 billion and employ over 14 million people directly and indirectly. The document also outlines opportunities for partnerships between Indian ICT companies and Spanish firms to transform businesses globally through innovative solutions.
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The Rise and Future of ICT in India</TITLE
- 1. The Rise and Future Development of ICT in India 31 May, 2011 Casa Asia , Madrid
- 2. Key agenda Nov 11, 2011 Key growth trends in the IT-BPO industry Future outlook India – an emerging economy and market India and Spain
- 7. Increasing emphasis on education – science and technology professionals Source: NASSCOM, IAMR, Indiastat, UGC, MHRD, AICTE Technical Graduates (’000s) Technical & Post Graduates, (’000s) Non-technical & Post Graduates, (’000s) Non-technical Graduates (’000s) ENROLLMENT*** OUTTURN COMPOSITION 100% ~4 million Postgraduates 3 yr Engg Diploma/ MCA` 4 yr Engg Degree Science Graduates Commerce Graduates Arts + Other Graduates * Provisional estimates ** NASSCOM estimates based on past trends in annual enrollments / intake and outturn *** Enrollment figures reflect the total number of students enrolled across all years of study Technical graduates include people with a 4 year engineering degree, 3 year diploma or a masters degree in computer applications (MCA) Other Graduates****
- 10. Nov 11, 2011 India has among the highest returns on foreign investment. Dan Scheinman, Cisco System Inc. We came to India for the costs, stayed for the quality and are now investing for innovation. India is not simply emerging, India has already emerged. India is a developed country as far as intellectual capital is concerned. US Department of Commerce By 2032, India will be among the three largest economies in the world. BRIC Report, Goldman Sachs Travyn Rhall, ACNielsen The Indian market has two core advantages - an increasing presence of multinationals and an upswing in the IT exports. Craig Barrett, Intel Corporation India has evolved into one of the world's leading technology centers. Why India? – Quote Unquote Source: IBEF Barack Obama, President, US Jack Welch, General Electric
- 12. Technology can transform India’s ability to provide basic services Basic services Potential technology and services’ solutions Healthcare 50% of Indians do not have access to primary healthcare – technology can provide it at half the cost Financial services 80% of Indian households are unbanked – technology can enable access for 200 million families Education India faces a 3-fold shortage in teachers – technology can address this through remote solutions (e.g., virtual classrooms, recorded lectures by senior faculty, modular multimedia content) Public services India suffers from a leakage of 40-50% in public food distribution – technology can ensure transparency
- 13. Key agenda Nov 11, 2011 Key growth trends in the IT-BPO industry Future outlook India – an emerging economy and market India and Spain
- 18. Key agenda Nov 11, 2011 Key growth trends in the IT-BPO industry Future outlook India – an emerging economy and market India and Spain
- 19. Global Megatrends Demographic shifts will fuel the growth of new sectors, markets and service lines Social, environmental and technology trends will create hitherto unseen opportunities and risks that could endanger up to a third of today’s market The addressable market for global sourcing will triple in size from USD 500 billion today to USD 1.5-1.6 trillion in 2020. 80% of incremental growth will be driven by opportunities outside the current core markets, verticals and customer segments The exports component of the Indian industry is expected to expand three-fold and reach USD 175 billion in revenues by 2020. The domestic component will grow to USD 50 billion, equal to today’s exports revenues. Future outlook for the industry – a redefined market with tremendous potential A Redefined Market Industry Outlook Nov 11, 2011 1 2 3 4 5 6
- 21. Key agenda Nov 11, 2011 Key growth trends in the IT-BPO industry Future outlook India – an emerging economy and market India and Spain
- 25. Thank You
Notas del editor
- Strategic Review 2008 Copyright NASSCOM. All rights reserved.
- India's economy has grown at the compounded annual rate of 7% a year over the past 10 years. Continued growth at this rate implies a two-fold increase in personal consumption. In order to maintain this growth, around 30 million people annually will need to be added to middle/high income groups To enable inclusive growth, India will need to address demand-supply gaps in at least four key areas: healthcare, financial services, education and public services Traditional models are ineffective, too slow or too expensive in increasing access to services in rural areas, providing effective services at low prices for low income groups and bridging the urban-rural divide in access to specialised talent. For example, around 50% of India’s population is out of range of primary health care centres and has little access to trained doctors ICT solutions can enable new service models (e.g., telemedicine, mobile banking) that can overcome the limitations of traditional models in healthcare, financial services, education and public services in India
- Strategic Review 2008 Copyright NASSCOM. All rights reserved.
- What could determine success Leveraging the Indian market and global talent Leverage resources beyond outsourcing – new markets, new products, new models, new analysis The opportunity will be of creating a market and not in meeting the market need Will require innovation, new thinking and disrupting our existing models Reverse Innovation will change industries in the future – focus on providing high end technology at a price affordable to consumers With the growing impact of technology on life, society, and the economy technology-driven entrepreneurship will be the way forward Can we leverage today’s technology to drive our growth?