The IT Sector: Time to Invest in India
In this issue:
- Why India, Why Now?
- India’s IT Ecosystem
- Talent Procurement in the IT Sector
India is the world’s leading outsourcing destination, and offers an advanced ecosystem for foreign investors looking at the information technology (IT) sector.
However, the IT sector is undergoing a critical transition phase as it adapts to the disruptions caused by automation and allied technologies popularly referred to as SMAC or social media, mobility, data analytics, and cloud computing. This has altogether resulted in restructuring efforts by the sector’s leading IT firms, leading to the layoff of competent, technically trained, and experienced technology professionals.
This ‘crisis’ is only one of technological transition, and serves as a unique opportunity for foreign investors seeking to establish their IT business abroad or secure an outsourcing base. Technology professionals that have been laid off can participate in the country’s vibrant startup scene, while others will be available for employment with new market entrants. Meanwhile, the sector’s investment in new verticals, along with the upskilling of the domestic talent pool, will only strengthen the world-class infrastructure and service capabilities currently in place.In this edition of India Briefing Magazine, we make the case for why now is the right time for foreign firms to invest in India’s IT sector. Firms can take advantage of the existing IT infrastructure, new industrial verticals, proliferation of technological startups, and federal incentives. Finally, we discuss India’s talent procurement advantages, with its labor pool of STEM (science, technology, engineering, and mathematics) graduates.
This magazine is based on Dezan Shira & Associates’ experience managing corporate establishment and IT processes for local and foreign companies in India. This issue of India Briefing assesses India’s IT sector, and the benefits available to foreign companies seeking to establish their IT services operations in the country.
India Briefing is published by Asia Briefing, a subsidiary of Dezan Shira & Associates. We produce material for foreign investors throughout Eurasia, including ASEAN, China, Indonesia, Russia, the Silk Road, & Vietnam. For editorial matters please contact us here and for a complimentary subscription to our products, please click here.
Dezan Shira & Associates provide business intelligence, due diligence, legal, tax and advisory services throughout India and the Asian region. We maintain offices in Delhi and Mumbai and throughout China, South-East Asia, India, and Russia. For assistance with India investment issues or into Asia overall, please contact us at firstname.lastname@example.org or visit us at www.dezshira.com.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.
The third edition of Tax, Accounting and Audit in India is updated for 2017, and provides an overview of the fundamentals of India’s tax, accounting, and audit regime. The guide also includes a detailed introduction of the Goods and Services Tax (GST) that was launched on July 1, 2017, representing the complete transformation of India’s indirect taxation structure.
In this edition of India Briefing Magazine, we make the case for why now is the right time for foreign firms to invest in India’s IT sector. Firms can take advantage of the existing IT infrastructure, new industrial verticals, proliferation of technological startups, and federal incentives. Finally, we discuss India’s talent procurement advantages, with its labor pool of STEM (science, technology, engineering, and mathematics) graduates.