India's role in the globalization of IT

Some of the views on the role of India in the emerging global market of information technology (IT) are presented. Tata consulting Services (TCS) is the first software company, which build an inventory control software solution for an electricity generation unit. It became a role model for many other Indian IT companies through its software exports and collaborations. The US and UK are the largest IT export markets, however it is increasing to other countries. Approximately 61% and 18% of exports is estimated in the year 2007-2008. The domestic IT services has been growing at an annual rate of 41% during 2006-2007 and is expected to continue growing at 5%-6% per year. This domestic IT services has provided a larger opportunity market for third-party vendors, particularly as liberalization and globalization. A globalization helps Indian IT companies to grow, while Indian IT is becoming a digital foundation for many globalization firms.