Indian IT Companies Double Global Market Share

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Mar. 27 – A report by Indian Brokerage Firm Angel Broking states that Indian IT outsourcers have doubled their share in total worldwide IT spending over the past six years. Furthermore, the larger Indian IT companies have performed better than other global players in the same period.

In 2007, India’s IT companies accounted for US$31 billion, or 4.8 percent of the worldwide IT spending of US$641 billion. This year, it is estimated to have risen to US$77 billion, or 9.8 percent of the global total IT spending of US$785 billion.

The report also finds that the Indian outsourcers’ share in the total revenues of the top 13 global IT companies rose from 7.7 percent in 2007 to 14.3 percent in 2012. Meanwhile, the share of non-Indian IT multi-national corporation’s dropped from 92.3 percent to 85.7 percent.

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India Looking For EU ‘Data Secure Status’

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Approval would see flow of European IT outsourcing to India

Apr. 16 – The Indian government is asking that the European Union lift restrictions on the flow of outsourcing business to India by designating it as a data secure country. India is not currently included in the list of countries considered data secure by the EU, thus preventing the flow of sensitive data (such as patient information for telemedicine) to India under EU data protection laws. The issue has been taken up by New Delhi in the bilateral free trade agreement being negotiated, which includes an extensive chapter on the free flow of services.

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