India is the land of intellectuals from the ancient times and it holds the strong position on the world map as vast business market. Big players of the world find great business opportunities due to rapid infrastructural growth in recent times.
India emerged as great hub for providing ITES (IT enabled services). Increasing number of web development companies and BPOs (business process outsourcing) not only feeding the domestic needs as well as most of them are working for offshore IT needs at global level. FDIs, Joint ventures, strategic alliances for providing ITES are taking place and making the India most wanted on the landscape of advance technologies. Liberal government policies, less government intervention, emphasis on software technology parks, supportive legal environment and professional training for the IT development have created such a hi-tech environment and new avenues for the rapid growth of domestic IT industries moreover, encouragement to public-private private-partnerships and tax incentive from government.
Gradual development from the last many years in the Indian IT sector results in increased contribution to countries GDP (gross domestic product) such as it was 1.2 percent in FY 1997-98 and reached to 5.5 percent in FY 2007-08 according to National Association of Software and Service Companies (NASSCOM). Studies show continuous increase of ITeS-BPO exports has made the India hot favorite of international companies for quality services. Due to availability of cheap, skilled, IT & other professionals and supportive infrastructure for business have attracted other companies from different sectors to invest in India. With the view of expanding their base in India companies like SCIO inspire, Nokia, Sun Microsystems have opened their vertical offices at different places of India for the smooth business operations.
In the field of providing IT enabled Services to offshore clients Indian companies are providing wide range of quality services to achieve highest level of client satisfaction, such as ITES Consultancy services, Website Design & Development, Gaming & Animation, E-Business / E-Commerce Development, Back office data processing, digital image editing services, Content Development, Multimedia & 3D, Search Engine Optimization (SEO), Internet Marketing Services and many more.
Various studies and reliable reports are estimating future figures for the growing trends in India such as rapid growth can be seen in the R & D centers, BPO & KPO sector, engineering services outsourcing (ESO). These are some hot fields which are in continuous fast growth and posing India for the great business hub and quality service provider to world.