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Dhananjay Chandra
Occupy marsย โขย 1y
๐ธReduced import tariffs on hardware and software (up to 60% reduction). ๐ธRecognition of software exports as a โdelicensed industry,โ making exporters eligible for bank finance. ๐ธPermission for foreign companies to set up autonomous, export-dedicated units. ๐ธEstablishment of software parks for infrastructure at lower costs. ๐ธWork shifted to India, despite friendlier policies for foreign firms. This shift led to Bangaloreโs development and the relative decline of other centers like Mumbai. ๐ธMultinational firms also adapted to new policies, contributing to Indiaโs IT growth. EVOLUTION (990s and Beyond): ๐ธSince the 1990s, value-addition increased, and domestic firms became less dominant. ๐ธIndiaโs talent pool attracted work due to cost-effectiveness. ๐ธThe Indian IT industryโs journeyโfrom overcoming challenges to becoming a global powerhouseโreflects resilience, innovation, and adaptability.
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