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 :
•
Software revenue from the Indian domestic
market accounted for Rs. 7200 crore in 1999-2000; domestic market
grew at 45% over 1998-99 revenues.
•
The indigenous software companies in the
domestic market launched 149 new software products and upgrades.
•
131 new software products and upgrades
were launched by the overseas companies in the Indian domestic
market.
•
Y2K Software solutions in the domestic
market fetched Rs 410 crore.
•
Sales of products and packages for the
year amounted to revenue of Rs. 2962 crore, which is approximately
41% of the total domestic software market.
•
ERP segment grew by 23%; E-commerce software
solutions grew by 200%; CAD/ CAM market grew by 41%; Banking software
grew by 70%.
•
Software purchases by the SOHO market witnessed
an all time high growth rate of 70%".
•
Total volume of E-Commerce transactions
in India were estimated at Rs. 450 crore in 1999-2000. Out of
this volume, about Rs. 50 crore were contributed by retail internet
or Business-to-Consumer transactions, and about Rs. 400 crore
were contributed by Business-to-Business transactions.
•
There were more than 7,70,000 internet
subscribers in the country as on 31st March 2000. The actual number
of users who have ready access to internet in India are more than
3.2 million. The internet subscribers are expected to increase
to 1.6 million by March 2001.
•
Piracy levels were brought down to 59%
during the year. However, losses due to software piracy amounted
to more than Rs. 900 crore.
•
Government eliminated import duty on IT
software.
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