Showing posts from November, 2023

Can Indian IT create another Jamshedpur?

India was a bit late to join the global Information Technology bandwagon, with only 2.5% contribution in 2001. But in a short span of time, it became an IT outsourcing hub, with the growth of homegrown IT Service industry. Strong institutional support, English proficiency, great talent pool and vast marketplace also brought prominent global IT software makers to India. 2010s saw the exponential rise of Startup industry where IT played a major role. Today, Indian IT industry contributes more than 19% to the global IT spend. While several cities and towns have emerged as IT hubs in recent years, the Indian IT is mainly limited to top 6 cities - Bengaluru, Hyderabad, Chennai, Mumbai, Noida and Pune. These cities account for the majority of IT hires in last 20 years. As a result of that, these cities (and few more) have seen quite a push for infrastructure investment by IT companies in these cities. Millions spent by companies on their ultra-modern campuses. Some of these campuses are noth