CII has been making sustained efforts to create a conducive business environment to propel higher growth rate for India Inc. and will continue to play a meaningful role in this direction. CII believes that the adoption of Information Technology is a key transformational tool that will help India “leap–frog” to achieve competitive advantage for its growth.
India is at the forefront of the large IT –ITES market and is well established as a ‘destination of choice’. Having grown manifold in size and matured in terms of service delivery capability and footprint over the past decade, the Indian IT industry is now at an inflexion point—and faces a unique opportunity to enhance its role as a full–service, value–adding partner to the domestic industry as well. There is significant headroom in the addressable IT adoption opportunity for India Inc., and there are sizeable untapped opportunities across a wide spectrum of verticals. Also, the Indian IT industry is favourably positioned to benefit from its established delivery capabilities, which bear a key influence on user industries’ decision to adopt IT .
Over the next three years, the right choices by stakeholders of the Indian IT industry could effect a three–fold growth. The aspired target is aggressive, but is surely achievable, and will bring huge payoffs to India’s economy, employment and role in the global marketplace.
For the last few years, businesses have been trying to harness the power of information technology to transform the way they work. In CII’s interactions with CEOs across industry verticals, four common themes resonate:
- Increasing growth
- Building a competitive advantage
- Enhancing user productivitya
- Reducing costs of operations
As the four interconnected technology megatrends—Mobility, Social, Big Data and Cloud, dominate the next decade, the IT industry has a compelling opportunity to bring a paradigm shift in the way technology gets adopted by businesses across verticals at lower costs and at scale.
The CII-BCG report on IT enablement of Indian business, titled “IT for India – New Horizons, New Opportunities”, discusses the trends in IT enablement of Indian businesses and lays down the opportunities, challenges and the role of different stakeholders. An 8 point action plan is also outlined to ensure the active collaboration of the key stakeholders.
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