Transforming India's IT Landscape: From Make In India To Made -For -The World
Anant Agrawal, a seasoned IT professional with 30+ years of experience. He has hands on experience in handling complex IT problem statements in India and globally. His technical prowess and strong leadership has aided him in managing strategic units and turnkey programs across the globe. His expertise spans across IT Strategy, IT Infrastructure, Information Security, IT Operations, and Digital Transformation. Anant is an Engineer at the core and holds various industry certifications showcasing his commitment to staying at the forefront of IT advancements. He has held elite positions at Retail & Financial enterprises at global conglomerates before becoming an Entrepreneur.
India has long been a powerhouse in the technology realm, marked by its prowess in IT services and the "Make in India" initiative. India's IT landscape is a mosaic of excellence driven by a robust services sector. The IT industry in India has been a significant contributor to the country’s socio-economic growth. According to data platform Statista, the IT industry accounted for 7.5 percent of India’s GDP in the financial year 2023.
Boasting the largest user base for desktops, laptops, and mobile phones, India has emerged as a global IT service provider, renowned for its skilled workforce and technical acumen. Yet, despite these achievements, a notable absence of globally recognized private-sector brands persists in the aforementioned areas, urging a re-evaluation of the current trajectory.
The Present IT Landscape
India's present IT landscape stands as a testament to the nations technological prowess and global impact. Anchored by a thriving services sector, Indian IT giants have not only elevated India's standing in the global IT arena but have also played pivotal roles in providing innovative solutions to a diverse range of industries worldwide. The country's top tech companies continually demonstrate agility and resilience, adapting to emerging technologies such as Artificial Intelligence, cloud computing, and cybersecurity.
The success of platforms like COWIN and UPI on the global stage underscores India's true potential in tech innovation. Unfortunately, while the government has produced ground breaking solutions, major private players in the Indian IT industry seem to be falling behind in creating pioneering profiles. Innovations often succumb to the temptation of being sold out to international corporations, resulting in the sale of intellectual property. This trend, unfortunately, is all too common.
I embarked on a journey that involved both services and product innovation. The prevailing notion that service and product businesses should remain separate is flawed. In reality, they complement each other, whether delivering a digital product or a service in a fixed scope model.
As India's IT landscape embraces AI, it's crucial for businesses to move beyond dependency on services. Developing and scaling IT products and solutions globally is the key. The goal should be to become world-leading solution providers, avoiding the lure of investors looking for a quick sale.
The Indian IT Services industry is renowned for craftsmanship, quality, and customer-centric delivery. Instead of succumbing to short term profitability pressures, businesses should consider bootstrapping profits for a few quarters to focus on creating "Made for-the-World" solutions. This shift could inspire a billion people, fostering a groundswell of innovation and catapulting India into not just a 5 trillion but a 50 trillion economy.
Opportunities for India's IT Landscape
Amidst this landscape, opportunities abound. India is positioned at the inter section of technological talent, diverse markets, and a burgeoning digital ecosystem. The rise of disruptive technologies like AI, IoT, and blockchain presents an opportune moment for Indian enterprises to diversify and elevate their global standing.
As global demands evolve, a paradigm shift is imperative. The transition from "Make in India" to "Made-for-the-World" in India's IT landscape can unlock new vistas of innovation and global impact.
This shift involves a strategic pivot towards product innovation and global scalability. Companies must embrace a research-driven approach, understanding global needs deeply. Breaking free from the traditional dichotomy of services versus products, businesses should integrate both seamlessly, fostering a culture of innovation and adapt ability.
What Awaits India once the ‘Make in India’ to ‘Made for the World’ Transition is Made?
The benefits of this shift are manifold. By creating solutions tailored for global markets, Indian enterprises can establish themselves as leaders in the inter national arena. This not only sparks economic growth but also nurtures a culture of homegrown innovation, attracting global investments and collaborations. Moreover, it reduces dependency on foreign technologies, fostering self-reliance and resilience.
In short, the transformation from "Make in India" to "Made-for-the-World" is not just a strategic move; it's a visionary leap towards global relevance. The IT landscape, with its innate potential and skilled workforce, can reshape India's technological destiny. Embracing innovation, adaptability, and a global outlook will not only redefine India's IT narrative but also contribute significantly to the evolving digital landscape worldwide. The journey towards being the ‘Vishwa Guru’ is not just an evolution; it's a revolution waiting to unfold.
India has long been a powerhouse in the technology realm, marked by its prowess in IT services and the "Make in India" initiative. India's IT landscape is a mosaic of excellence driven by a robust services sector. The IT industry in India has been a significant contributor to the country’s socio-economic growth. According to data platform Statista, the IT industry accounted for 7.5 percent of India’s GDP in the financial year 2023.
Boasting the largest user base for desktops, laptops, and mobile phones, India has emerged as a global IT service provider, renowned for its skilled workforce and technical acumen. Yet, despite these achievements, a notable absence of globally recognized private-sector brands persists in the aforementioned areas, urging a re-evaluation of the current trajectory.
Embracing innovation, adaptability, and a global outlook will not only redefine India's IT narrative but also contribute significantly to the evolving digital landscape worldwide
The Present IT Landscape
India's present IT landscape stands as a testament to the nations technological prowess and global impact. Anchored by a thriving services sector, Indian IT giants have not only elevated India's standing in the global IT arena but have also played pivotal roles in providing innovative solutions to a diverse range of industries worldwide. The country's top tech companies continually demonstrate agility and resilience, adapting to emerging technologies such as Artificial Intelligence, cloud computing, and cybersecurity.
The success of platforms like COWIN and UPI on the global stage underscores India's true potential in tech innovation. Unfortunately, while the government has produced ground breaking solutions, major private players in the Indian IT industry seem to be falling behind in creating pioneering profiles. Innovations often succumb to the temptation of being sold out to international corporations, resulting in the sale of intellectual property. This trend, unfortunately, is all too common.
I embarked on a journey that involved both services and product innovation. The prevailing notion that service and product businesses should remain separate is flawed. In reality, they complement each other, whether delivering a digital product or a service in a fixed scope model.
As India's IT landscape embraces AI, it's crucial for businesses to move beyond dependency on services. Developing and scaling IT products and solutions globally is the key. The goal should be to become world-leading solution providers, avoiding the lure of investors looking for a quick sale.
The Indian IT Services industry is renowned for craftsmanship, quality, and customer-centric delivery. Instead of succumbing to short term profitability pressures, businesses should consider bootstrapping profits for a few quarters to focus on creating "Made for-the-World" solutions. This shift could inspire a billion people, fostering a groundswell of innovation and catapulting India into not just a 5 trillion but a 50 trillion economy.
Opportunities for India's IT Landscape
Amidst this landscape, opportunities abound. India is positioned at the inter section of technological talent, diverse markets, and a burgeoning digital ecosystem. The rise of disruptive technologies like AI, IoT, and blockchain presents an opportune moment for Indian enterprises to diversify and elevate their global standing.
As global demands evolve, a paradigm shift is imperative. The transition from "Make in India" to "Made-for-the-World" in India's IT landscape can unlock new vistas of innovation and global impact.
This shift involves a strategic pivot towards product innovation and global scalability. Companies must embrace a research-driven approach, understanding global needs deeply. Breaking free from the traditional dichotomy of services versus products, businesses should integrate both seamlessly, fostering a culture of innovation and adapt ability.
What Awaits India once the ‘Make in India’ to ‘Made for the World’ Transition is Made?
The benefits of this shift are manifold. By creating solutions tailored for global markets, Indian enterprises can establish themselves as leaders in the inter national arena. This not only sparks economic growth but also nurtures a culture of homegrown innovation, attracting global investments and collaborations. Moreover, it reduces dependency on foreign technologies, fostering self-reliance and resilience.
In short, the transformation from "Make in India" to "Made-for-the-World" is not just a strategic move; it's a visionary leap towards global relevance. The IT landscape, with its innate potential and skilled workforce, can reshape India's technological destiny. Embracing innovation, adaptability, and a global outlook will not only redefine India's IT narrative but also contribute significantly to the evolving digital landscape worldwide. The journey towards being the ‘Vishwa Guru’ is not just an evolution; it's a revolution waiting to unfold.
