India,
the world's largest democracy and home to nearly one billion people,
is quietly but quickly emerging as a leader in the field of software
engineering and web-based services. India's own competitive advantage
in the software business is well known: cost-effectiveness, world-class
quality, high reliability, and rapid delivery, all of it powered
by state-of-the-art technologies. It is a nation where more and
more multinational companies are outsourcing their software requirements
to retain competitive advantage. (source from NASSCOM.org).
A survey conducted by NASSCOM indicated the followings statistics
and trends with respect to the Indian software industry in terms
of exports and the domestic market :
Exports
•
Indian Software exports in 1999-2000, grossed revenues of Rs.
17,150 crore and registered a growth rate of 56.8% in rupee terms
and 51% in dollar terms over 1998-99 performance.
•
During the year, more than 185 companies out of the Fortune 500
companies outsourced their software requirements to India.
•
India exported software to 95 countries around the world, with
almost 62% of exports to North America.
•
In 1999-2000, 37 software companies
have exported more than Rs. 100 crore of software. During the
same period, more than 60 companies exported more than Rs. 50
crore of software; about 180 companies have exported more than
Rs. 10 crore worth of software; and more than 500 companies exported
software more than Rs. 1 crore. This testified profound proliferation
of the industry.
•
In 1999-2000, the number of software
exporters increased to a record number of 1250 companies.
•
During 2000-01, the number of software
exporting companies are expected to exceed 1600.
•
VSNL and STP continued to play a
very vital role for offshore software development. The number
of dedicated high speed (64 kbps, 2Mbps and above) datacom links
currently being used by software exporting companies are more
than 1200 circuits. In 1992, only 10 such links were being used.
•
Offshore software development exceeded
42% of total software exports. (In 1991-92, off-shore software
development contributed only 5% of the software exports)
•
Satyam Infoway Limited was the first
Indian Internet based company to be listed on the NASDAQ Stock
Market.
•
TCS was the number one exporting
company in terms of revenues, with export revenues of Rs 1,820
crore.
•
The top 25 exporters accounted for
almost 61% share of the I.T. software and services exports revenues
in 1999-2000.
•
During the year, number of quality
certified software companies from India increased to over 170;
Fifteen Indian companies now have the unique distinction of an
SEI-CMM Level 5 certification. (Only 23 companies worldwide have
achieved level 5 certification)
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