Occupy mars â˘Â 11m
đ¸Reduced import tariffs on hardware and software (up to 60% reduction). đ¸Recognition of software exports as a âdelicensed industry,â making exporters eligible for bank finance. đ¸Permission for foreign companies to set up autonomous, export-dedicated units. đ¸Establishment of software parks for infrastructure at lower costs. đ¸Work shifted to India, despite friendlier policies for foreign firms. This shift led to Bangaloreâs development and the relative decline of other centers like Mumbai. đ¸Multinational firms also adapted to new policies, contributing to Indiaâs IT growth. EVOLUTION (990s and Beyond): đ¸Since the 1990s, value-addition increased, and domestic firms became less dominant. đ¸Indiaâs talent pool attracted work due to cost-effectiveness. đ¸The Indian IT industryâs journeyâfrom overcoming challenges to becoming a global powerhouseâreflects resilience, innovation, and adaptability.
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