![]() These cities have witnessed a spate of infrastructural developments that have made them sought-after destinations for IT/ITes investment. With metropolitan cities already having reached a saturation point, Tier 2 and 3 cities have emerged as new loci of growth in the recent past. These destinations provided several conducive factors for growth, including superior infrastructure and a skilled workforce, among others. Nevertheless, the initial IT wave was confined to metropolitan cities such as Gurugram, Bengaluru, Hyderabad, etc. The establishment of the National Task Force on Information Technology and Software Development and New Telecommunication Policy provided the roadmap further to catalyze the IT/ITes sector’s growth. The groundwork for the development of India’s information technology industry was laid by the Electronics Commission that envisaged the foundation of regional computing centres to spur software and intellectual capital development in India. The COVID-19 pandemic has accelerated digitization and proved to be an inflexion point for the technology sector. A NASSCOM report titled ‘Future of Technology Services- Winning in this Decade’ highlights that over 50 digital initiatives in diverse sectors such as finance and banking, healthcare, IT/ITes are fuelling India’s digital dream and contributing 8% to the economy. The McKinsey Global Institute (MGI) Digital Adoption Index estimates India to be the second-fastest digitizing economy among 17 leading economies globally. India is taking giant leaps toward digitization and is on the cusp of the fourth industrial revolution.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |