India’s IT Boom: Targeting $210 Billion in Exports by FY25

India's IT sector is set to achieve a significant milestone, with IT exports projected to reach $210 billion by FY 2024-25. This achievement underscores India’s dominant position in the global IT outsourcing market, holding an 18% share and cementing its status as a global technology powerhouse. The robust demand in the US market, coupled with innovation in artificial intelligence, cloud computing, and cybersecurity, is driving this growth. However, the industry faces challenges, including slowing demand in Europe and the need for upskilling in emerging technologies like generative AI.

Comments

Post a Comment

Popular posts from this blog

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more

Japan's Sharp to buy Toshiba PC business for $36 mln

Image
As per the report, Sharp Corporation of Japan to buy Toshiba Corp’s personal computer business for 4 billion yen ($36 million). Sharp brand is under the control of manufacturing giant Foxconn, the world’s biggest contract manufacturer and major Apple Inc supplier, to produce PCs more cheaply – just as it was able to do in TVs. Another report also noticed by VARINDIA, Foxconn is also promoting the Sharp TV to start marketing in India, which has kick started from this year IPL(Indian Premiere League) ,with this they are marking a return to a business in India. Earlier Sharp was a known brand in terms of technology but it’s position become negligible with the fastest technology and pricing structure of SAMSUNG, LG and Sony. With the manufacturing capability of FOXCONN, they are trying to enter the Asian market. The recent deal of Pc business, will see Sharp take an 80.1 percent stake in Toshiba’s PC unit on Oct 1.... Read More
Read more