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Thursday, December 02, 2004

Indian IT market is an example for rest of world

This is what an expert said about India. And she might be true - she, that is Elizabeth Sparrow, author and a leading authority on global outsourcing. However, while the juggernouts, such as Wipro and Infosys grow fast, there is always the chance to lose out, if one is not upgrading and racing up the value chain fast enough. One way to do so is to leapfrog current technology or go for a related sector, such as biotechnology. Or simply to expand overseas, as many Indian companies have done already. Whatever it is, anything is better than standing still.

As the authority said: "Up-skilling and visible adherence to professional standards through retraining and internationally recognized qualifications will now be key to confront the globalisation of many traditional IT skills."

(By Asia Business Consulting)