There is positive news to start with that; the Indian semiconductor industry is expected to achieve a healthy growth in 2011 due to growth in all the related sectors to it.
According to a report presented by The Indian Semiconductor Association and Frost & Sullivan, jointly, the semiconductor industry of the nation, coping up with global trend, is ready for an extraordinary growth, with sales hoped to reach the mark of $8 Billion by the end of 2011.
Intel's President and Chief Operating Officer, Paul Otellini, suggested that ‘what oil was to Saudi Arabia, information technology would shortly be to India’, not recently almost 10 years back.
The major competitor to India in the Asia region no doubt is China. The major advantage of India over china is the English speaking, highly educated young generation. Also the birth control steps taken by the china left it with lesser youngsters in the population.
Also, with increasing Internet speed and rising income levels throughout India, sales of technology like laptops and mobile phones have increased dramatically. In middle of 2010, nine companies participated in the bidding process for the 3G mobile phone licenses. This will further increase the sales once the roll-out takes off.
The hiring process in most of the companies has already reached to the pre-recession stages. This in turn has provided the higher demand for the technical education throughout the urban India.
But, the fluctuating US economy always keeps the Indian IT sector in a nervous situation (also Obama’s statements too) and this is the best time to look toward non-European IT market.
So, let us be ready to enjoy a happy IT year of 2011.
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