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 Ashutosh Sheshabalaya On Indian Issues |
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Indian Software Companies Have Several Reasons To Expect Growth
by Ashutosh Sheshabalaya
Published in May 2, 2001 issue of The Financial Times, London |
Sir, In ‘Wipro predicts robust growth’ (April 23), your correspondent suggested that only the Indian software industry believed that a slowing US economy would help exports.
This was also the conclusion of a Merrill Lynch survey in March of US and European companies, which found that chief information officers were giving much greater consideration to Indian companies than before. The report found that even companies such as Computer Sciences Corp now face direct competition from large Indian software service companies.
Indian software growth will, however, also be a result of two other factors.
The first is an emerging shift in attention to Europe, which has so far been under-represented in the Indian software export basket. The second factor is a faster pace of growth by newer and smaller Indian software companies that from the outset have specialised in higher-value market segments. |
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