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Here is a story of indian IT industry Genesis (1970s): ๐Ÿ”ธIn the early 1970s, multinational companies recognized Indiaโ€™s potential and began expanding their operations into the country. ๐Ÿ”ธTata Consultancy Services (TCS), acting as the sales age

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Elon mast

Occupy marsย โ€ขย 1y

๐Ÿ”ธReduced import tariffs on hardware and software (up to 60% reduction). ๐Ÿ”ธRecognition of software exports as a โ€œdelicensed industry,โ€ making exporters eligible for bank finance. ๐Ÿ”ธPermission for foreign companies to set up autonomous, export-dedicated units. ๐Ÿ”ธEstablishment of software parks for infrastructure at lower costs. ๐Ÿ”ธWork shifted to India, despite friendlier policies for foreign firms. This shift led to Bangaloreโ€™s development and the relative decline of other centers like Mumbai. ๐Ÿ”ธMultinational firms also adapted to new policies, contributing to Indiaโ€™s IT growth. EVOLUTION (990s and Beyond): ๐Ÿ”ธSince the 1990s, value-addition increased, and domestic firms became less dominant. ๐Ÿ”ธIndiaโ€™s talent pool attracted work due to cost-effectiveness. ๐Ÿ”ธThe Indian IT industryโ€™s journeyโ€”from overcoming challenges to becoming a global powerhouseโ€”reflects resilience, innovation, and adaptability.

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Elon mast

Occupy marsย โ€ขย 1y

Here is a story of indian IT industry Genesis (1970s): ๐Ÿ”ธIn the early 1970s, multinational companies recognized Indiaโ€™s potential and began expanding their operations into the country. ๐Ÿ”ธTata Consultancy Services (TCS), acting as the sales age

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