India is seeing great advancements in the tech arena. So, what lies ahead?
BANGALORE, INDIA: Every new year is looked forward to with renewed hopes and welcomed with a lot of wishes.
It is optimism that gives confidence to face times lying ahead and 2013 can also be expected to have several positives in different walks of life.
In these times of technological advancements in our country, we can be doubly sure that there would be more giant strides made in the domain.
We shall focus on five big aspects that would leave a positive imprint on our lives, and with that, the growing economy of India.
IT GIANTS: BETTER TIMES AHEAD
At best, 2012 was moderate for the $100-billion Indian IT industry. Majors, Infosys Limited and Wipro Technologies didn't enjoy best of times, with quarter after disappointing quarter of below-par results. Industry leader Tata Consultancy Services did beat estimates and defied the global outlook, HCL had a decent year and Cognizant Technology Solutions surged ahead to topple Infosys as the second largest software exporter from India, but overall, the industry growth was less than expected.
Industry body, National Association of Software and Services Companies (Nasscom), hasn't lost hopes yet. It has predicted Indian software exports to grow at 11 per cent this fiscal to $77 billion, despite currency volatility, from $69 billion in 2011-12.
A FRESH START
As far as Indian start-ups are concerned, there would be fresh winds blowing, reckons renowned business writer Rebecca Fannin.
"India start-ups could finally begin to break through with innovative and market-leading tech products to supplement the country's strong base in services (outsourcing)," she writes in Forbes.