The ongoing rebound in western economies is only re railing our IT sector that had lost on its turnover.This is no pointer to days of bright sunshine in the longer term. Our IT industry remains largely strait jacketed into Application Development and Maintenance (ADM), at 60% of our total revenues. Increasing competition, lower billing rates and low-end ADM services should compel us to move up the software value chain, be it product development, R&D, social media, analytics, cloud computing and so on. Sadly the industry's Engineering and R&D services contribution has remained negligible as has been our software patents, Indian IT brand is urgently due for an upgrade.Today's IT is not even about tomorrow but the day after and beyond .Indian IT talent is avant-garde and what it needs is a petri dish to nurture it.While bread and butter earnings are a must and our IT majors are at it, the government and NASSCOM must generously seed breakthrough start ups as also promote top class Centers of design and innovation, in the IT sphere.Else we risk technical obsolescence given the fast paced , ever changing and futuristic nature of this esoteric technological interface. Facebook,Twitter et al, were nowhere even in the cosmos a decade ago , today they rule perhaps to vanish the day after.If India does not leverage its distinct IT edge to leap frog, we will be relegated to providing no more than clerical services to a demanding global IT Office.
Good analysis
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