The IT sector is anticipated to be the game changer in helping Indian economy recover from an unprecedented slowdown. Progressive Infotech, which is an India based Managed Service Provider, has proved that self reliance is the key to help Indian economy stand on its feet, as this is ideologically compatible with the Aatmanirbhar Bharat mission of PM Modi, for providing the tech enterprise, technocrats and youth leaders with more & new opportunities.
In the last 3 decades, the IT sector has played a major role in making India proud globally, as this sector has not only made our governance more responsive and efficient, but also contributed to economic development. Progressive Infotech is playing an important role in providing the industry with Digital Transformation Services, that is specialized in the Managed Services.
“The IT sector contributed around 5% to the GDP in the early 2000s, where on the other hand it contributes about two twice of that. Indian IT workforce accounts for 4.36 millions of employees by 2020, which clearly indicates how India is emerging as a digital skills’ hub,” according to Prateek Garg, CEO and Founder of Progressive Infotech.
Indian IT industry is now recognized as the knowledge economy on the global scale. And with 1200+ technical resources and 150+ active clients, Progressive Infotech has been contributing India to be a leading global world class technology solutions & business services provider.
The rise in technology is bringing changes in the social dynamics as the IT sector is changing the lives of many people in a positive way with its contribution to different socio economic parameters, which could be employment, living standard and diversity. IT companies have included some new service lines i.e. R&D engineering & remote network management, package software implementation, system integration, whereas ITES-BPO companies have initiated offering more complex services i.e. financial research & analytic, actuarial modeling & corporate and business research. The future of the IT sector in India observes a steady rise in share of technology spend, as more service providers both global & Indian, provide flexible and low cost solutions to customers and target new audiences.
When compared with the top economies of the world, the growth of Indian IT sector seems quite surprising as all small sectors in the industry have made major strides in growth of revenue & boosted growth of Indian economy in the last 20 years. India has the comparative advantage in terms of cost & having a large skilled pool of workers in the global IT sector, which have unmatched software & language skills, taking India towards providing higher value added services & software.
These emerging technologies provide a new range of opportunities to the leading Indian IT firms, as these firms have proven themselves, because of which by 2025, this industry is estimated to grow to $350 billion. “The IT sector of India is going to be a great helping hand for India to achieve Prime Minister Modi’s goal of becoming a $5 trillion economy.
Authored by:- Mr. Prateek Garg, Founder & CEO, Progressive Infotech
(The views expressed in this article are by – Mr. Prateek Garg, Founder & CEO, Progressive Infotech. Technuter.com doesn’t own any responsibility for it.)