Technology Industry in India

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[...] As a basis of comparison, the industry is currently valued between $190 - $230 bn. This would be marked by growth opportunities in the following spaces (Semiconductors, Energy transition, Tele-medicine) while leveraging on cyber securities, data, IoT and Product engineering. For example, tele-medicine in India: Covid-19 exposed the longstanding fragility of the Indian health system. The issues go beyond affordability but trickle down to underserved communities and poor data storage and management. According to a recent report, India is now home to more than 133 funded telehealth startups and 5,295 health tech startups (as in 2021). [...]

[...] (2022, June 3). India. Wikipedia. [...]

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[...] The business classes have benefited from the major wave of liberalization that began in 1991, but many inequalities have increased even though the overall situation in India has improved because of social dumping, non-progressive taxes such as VAT instead of taxing the great companies and public spending in areas other than education and health which represent only and of GDP respectively, that's to say between two and three times less than South Africa, for example. Focus on the history of IT industry in India If China is the world's factory, India is more like its IT department. With its battalions of its English-speaker engineers earning one fifth the salaries of their Western counterparts, the country has become an IT services giant over the past 30 years. [...]

[...] To sum up In the course of our reflection, we can now affirm that India, on the one hand, thanks to its colonial heritage and then thanks to its numerous reforms, has been able to become an emerging economy whose spearhead is the IT sector. This is mainly due to the liberalization of the economy and its opening to the international market. As a result, more and more international companies are attracted to set up in India, whether to outsource their production or to meet the needs of a growing local market. [...]