What is India's biggest advantage in the IT industry
Answers
Answered by
0
Population As An Asset
It is an evident fact that generating resources to cater the needs of the growing population is the biggest challenge of the Indian government. However if we explore the flip side of this issue, abundant and productive man power is most likely to be the key to India's growth in coming decades.
The Indian middle class is estimated to be 50 million people. It will reach 600 million by 2030. (source McKinsey & Co.) A large middle class means directly means more purchasing power of the people that can safely sustain consumer driven indigenous industries. Over the past 20 years the spectrum of the middle class has broadened, which as a group has been instrumental in driving industries both as consumers and workforce in urban and rural areas.
As of 2011 the Indian IT sector employed 2.8 million professionals(source wiki). The growth of IT sector is yet another example of a economic revolution build upon the concept of abundant productive working class.
Hope this helps!!
It is an evident fact that generating resources to cater the needs of the growing population is the biggest challenge of the Indian government. However if we explore the flip side of this issue, abundant and productive man power is most likely to be the key to India's growth in coming decades.
The Indian middle class is estimated to be 50 million people. It will reach 600 million by 2030. (source McKinsey & Co.) A large middle class means directly means more purchasing power of the people that can safely sustain consumer driven indigenous industries. Over the past 20 years the spectrum of the middle class has broadened, which as a group has been instrumental in driving industries both as consumers and workforce in urban and rural areas.
As of 2011 the Indian IT sector employed 2.8 million professionals(source wiki). The growth of IT sector is yet another example of a economic revolution build upon the concept of abundant productive working class.
Hope this helps!!
Answered by
8
The silicon valley of India ( Bengaluru) is the biggest advantage of IT industry in India
Similar questions