OPPapers.com Essay Index >> Business >> Financial Analysis Of Companies:Tcs,Wipro,Satyam
We have many free term papers and essays on Financial Analysis Of Companies:Tcs,Wipro,Satyam. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Submitted by ravikrishnan on March 10, 2008
Category: Business
Words: 3151 | Pages: 13
Views: 301
Popularity Rank: 24,111
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Overview-Indian IT Services Sector:
Indian IT industry started in 1970s had a slow growth in the initial years, with most of the efforts being made by Public Sector Undertakings and other large users like defense. It started in a big way in 1984, when some real reforms were brought in by the government. However 1990s saw the real action and the Indian expertise and talent was recognised; companies started getting quality certifications like CMM which is now CMMi and had the largest share of such certifications in the world. The Indian software industry is growing at a rate of more than 50 percent a year, and the country appears to be on track to achieve IT exports of U.S. $50 billion by 2008 (Carretek n.d). The IT industry's contribution to GDP rose from 1.2 per cent in 1999-2000 to an estimated 4.8 per cent in 2005-06 (IBEF, 2007). According to Nasscom , the strength of the Indian software industry is indicated by the fact that the export revenues has grown at a Compound Annual Growth Rate of 35 %.
Advantage India:
Largest Pool of Technical Talent
Comparatively high exchange value
Young working population compared to the West
Highly educated workforce fluent in English.
High-end technological infrastructure to connect and communicate with any part of the Globe
Low salary compared to other countries.
Government support for setting up companies
Tax Holidays under STPI for 100% EOU (Export Oriented Units)
Forces driving the Industry
Three major factors affecting software industry is given below (Wilson, 2001):
Threat of new entry:
• The barrier of entry which lies in some industry does not exists in IT or software services industry. Software Company can be started with very less capital investment. It basically needs computer and the knowledge to...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!