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Indian Software Market

Software : Time and Cost Management.

Defination of Software :
Software is a set of items or objects that form
a Configuration that includes
Computer programs
Data structure
Work products

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Submitted By;
Aman Battia

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Effect Of Software In Indian Market

The Indian software industry has grown from a mere US $ 150 million in 1991-92 to a staggering US $ 5.7 billion (including over $4 billion worth of software exports) in 1999-2000. No other Indian industry has performed so well against the global competition.

Information
The annual growth rate of Indiaâ„¢s software exports has been consistently over 50 percent since 1991. As per the projections made by the National
Association of Software and Services Companies (NASSCOM) for 2000-2001 (April 1, 2000 - March 31, 2001), Indiaâ„¢s software exports would be around $ 6.3 billion, in addition to $ 2.5 billion in domestic sale.


Future Trends
Increasing Labor costs

Moving up the value chain

Consolidation

Manpower Shortage

Outsourcing Backlash

Engineering Services Outsourcing (ESO), Avionics and other opportunities

Conclusion
The credit goes to technical young peoples and English-speaking scientific professionals for the success in India's software industry. Presently for further strengthening the industry, the Government has stepped forward with more qualitative institutes.