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Metro Cities like Bangalore, Mumbai, Delhi, Chennai and Hyderabad have become the favorite destinations for all the big banners like HSBC, Dell, Microsoft, GE, Hewlett Packard, and several Indian multi national firms like Infosys Technologies, Wipro, and Micro land have set up their offices in these cities. Indian IT Industry's development and contribution to the world's information technology sector is of highest reputation. Today, IT companies in India such as Tata Consultancy Services (TCS), Wipro, Infosys, HCL are well known in the global market for their IT competency. All such policies are reasons for the the development of a world-class Indian IT industry.
#ANALYSIS OF INFORMATION TECHNOLOGY INDUSTRY IN USA SOFTWARE#
The New Computer Policy (NCP-1984) consisted of a package of reduced import tariffs on hardware and software which reduced to 60%.Įven during this time the recognition of software exports as a "delicensed industry", was done so that banks were eligible for finance and freed from license-permit raj, there was even the permission for foreign firms to set up wholly-owned subsidaries. In 1984 Rajiv Gandhi became Prime Minister and the Government policy towards IT sector changed. Even the exporters were ineligible for bank finance. Even the Import tariffs were high like 135% on hardware and 100% on software.
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During 1970's the Indian economy was state-controlled and remained hostile to the software industry. The Indian IT Industry was begun by Bombay-based conglomerates who entered the business by supplying programmers to global IT firms located overseas. During olden times local markets were absent and government policy toward private enterprise was hostile. The Indian IT industry originated under very unfavorable conditions.