Yesterday concluded UK E-Government Minister Pat McFadden’s four-day business visit to India. He flew out on April 8 to talk about e-commerce with Indian businesses in New Delhi and Hyderabad.
While Mr McFadden concluded that India still has some way to go in the world of e-commerce, his visit marks a significant development for the expanding Indian market for global IT services.
His meetings with Tata and IT industry body Nasscom could indicate a key shift for IT services in India. While the traditional outsourcing computer programming to India is well established, it seems that we are now entering a new phase of growth in business IT. Reports suggest that IT services exports will have risen by a third to $31 billion by the end of this year, and by approaching double that by 2010.
With India becoming a nascent and powerful force in IT services and consultancy – becoming an attractive destination for skilled workers from the West – and significant investment from the IT services giants, a high-profile visit such as this further underlines the strength of India’s proposition in the space.
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