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India Hi-tech

India Hi-tech

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The software business is the one sector of the Indian economy which has thrived the most in recent years.

Not even the most die-hard sceptic would disagree that a major factor behind the success of the industry has been its close contact with the US.

The US computer industry is served by an extensive pool of skilled Indian professionals and India's IT sector growth has been largely driven by the availability of US technology first and then by huge orders from US firms which decided to outsource their service work to Indian companies.

Indo-US software trade stands at $5bn currently and is projected to grow at an annual rate of about 60 % in the next decade.

Debang Mehta, president of the national association of software and services companies (Nasscom), told BBC News Online that President Bill Clinton had gone on record saying that one reason for his Indian visit is to take a first-hand view of the IT industry here.

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