Today, in India, technology companies have increased its value through creating tech hub resources, increased job, healthcare, and educations, and as a result, the poverty level decreased and all the lifestyle of the people increased.
According to the NASSCOM report, India ranked as the third largest ecosystem regarding startup with 100 accelerators, 150 VCs, 200 active angels or 4200 operations for startups throughout the region. The nation is completely in the forefront of the technology, innovation or the entrepreneurship.
However, 2015 is the year of the Indian startup ecosystem. Through some involvement or calculating the facts, you came to know the differences between new and previous users of technology. Every person uses technology because it is the only reason for connecting people and their involvements.
India is a country specializing in IT services or tech hub system throughout the world but has hardly benefited from technological progress. Fortunately for the citizens of India, Prime Minister Narendra Modi intends to change this state of affairs, so people are more innovative and get benefits from the latest technologies.
There is also a substantial backlog of India, its counterpart in emerging Asia. India has barely begun to explore the potential of e-commerce, as IT tools remain out of reach for millions of small and medium-sized businesses. Medium-sized enterprises and most citizens still do not have access to the digital economy system.
Technological trajectories come to support the value of India. Rapidly declining costs and increased the productive capacity of the digital technologies, in which including Internet mobility, cloud, and expert systems. Meanwhile, the technologies make large-scale adoption possible in the next decade.
Increasing Consumer and Connectivity purchasing Power:
More than 300 million people are connected to the internet or they have the access to the internet. Now India is included as the second largest nation who is connected with the world after China. Every day, many people spend more time in connecting with their smartphone and many other technical products.
The main purpose of decreasing the laptop and smartphone prices is relatively focused on the tech hub low-cost plan and their main aim is to connect people throughout the world especially in the area of rural India.
Although, every time we expect that India can raise their technical situation and the country still have some interpretation toward ranking the technical condition of the country. It is forecasted that 3.5 trillion, increasing the convenience, access, higher income, connectivity or employment.
The digital technologies are combined with the advances in genomics (supporting innovation in agriculture and medicine) and unconventional energy like wind, solar, oil and shale gas. It will enable the financial integration of hundreds and millions of Indians. However, it is possibly redefining their service through delivery methods such as education, food aid, and health. Studies by the McKinsey Global Institute indicate that in 2025 these factors are expected to add $ 550 billion to $ 1 trillion in India’s annual income.
The gains would be spread across a variety of sectors, even those people who connect with currently low levels of technology adoption. Meanwhile, the current applications in agriculture, health, education, and infrastructure can collectively contribute $ 160 to $ 280 billion to the annual GDP of India and, more importantly, provide new opportunities for ordinary Indians.
With research, it came to know how the income level is reflected in the developing countries through the increased of purchasing power. Indeed, innovations in the education’s world such as a tech hub adaptive learning can enable more than 24 million workers to receive training, so they could find better-paying jobs in the field of technologies. Mobile financial services will provide an access to the financial system for more than 300 million peoples of India.
In order to stimulate the development of online service delivery, authorities also need to address broader barriers or to entrepreneurship, such as India’s laborious procedures for starting new businesses. Moreover, India also requires a regulatory framework characterized by a liberal approach to pricing, manufacturing, and distribution.
To sustain the benefits of tech hub technology and innovation, it is essential to maintain investment and offset the disruptive effects. For example, the automation of knowledge occupations, software, and systems that are increasingly capable of performing human tasks that require judgment and could provide 19 to 29 million jobs by the year 2025.
Technology, however, creates new and sometimes better innovative products, if India’s education and training networks prepare the workforce adequately. Through wise planning, fruitful collaboration between a public and private institute of India and good execution, India’s public authorities can clear the way for technological progress. The social and economic benefits of such a strategy cannot be overstated.
Top Companies of Information and Technology of India:
India’s industry of Information and Technology is rapidly enhancing its GDP that is 7.5% and for evaluating its value digital India project are playing an important role. The following are the top Indian companies the is considered as the best companies:
- Tata Consultancy service
- Tech Mahindra
- HCl technologies
However, regarding the employee’s side of Information and Technology, the time is no longer euphoric. With the advances in artificial intelligence, more and more tasks can now be automated.
The forces of IT service companies are to upgrade their skills. The Indian IT companies are still hiring and making big waves of layoffs. With the passage of time, India is moving toward the largest tech hub development.
Major hubs of Information Technology in India:
India is considered as the largest destination in the field of IT industry because of its fastest growing industry. Recently, the Digital India project is launched that will enhance the GDP growth toward the area of products, manufacturing, or the electronic service.
The major Information Technology hubs are Hyderabad, Mumbai, Bangalore, Visakhapatnam, Chennai, Trivandrum, Patna, Vadodara, Indore, Mangalore, Coimbatore, Lucknow, Mysore, Bhubaneswar, Chandigarh or the Kochi. Some of the area hub explanation is given below:
Bangalore, it’s a Silicon Valley of India
Bangalore is the capital of India in the IT field, also it’s a global information hub. Meanwhile, it is known as the Silicon Valley because it has a huge amount of software companies. Additionally, it also has many Indian firms like Wipro, Infosys or the Mind tree.
India is a home of some large companies in the IT sector. Founded in 1981 by seven young Indian entrepreneurs, it now employs 200,000 people, including 25,000 in a state-of-the-art campus in Bangalore. Last year, it generated a turnover of 9 billion euros. The company works in subcontracting for large American or European groups: banks, insurance, large retailers.
It is also known as the HITEC city and consider as the world’s largest IT exporter. It is the first destination regarding the Microsoft development center. Additionally, it is known as the largest Bioinformatics hub.
In 2014, it is an Indian, Satya Nadella, who for example, took the lead of Microsoft. And a few months later, one of his compatriots, Sundar Pichai, was named the head of Google. Two announcements that highlighted the competence of the Indians.
The world largest IT infrastructure or the fast destination regarding information hub is located in Chennai. It also has a dedicated expressway that is generally known as the favored location or the most expressway of IT.
This city is included as the capital of India and all the IT company’s headquarter is located there. Meanwhile, this city also has many IT business parks in which include notable companies as well as the World Trade Centre.
NCR, Gurgaon or Delhi, Noida:
The National Capital Region like Noida, Gurgaon, or Delhi is the home of multinational corporations. Software developed countries are the reason for Mpasis, Accenture, Infosys, Throughout the work, SAP, Oracle or many HCL Technologies.
Pune (IT Park):
Rajiv Gandhi IT Park is considered as the biggest IT park. This city is famous for its leading IT service center it has many dedicated IT parks like Hinjewadi, EON Free Zone, Aundh IT park, Business Bay or commerce zone.
Kolkata (a salt lake):
It’s an only metropolitan city or the major IT hub regarding the IT field. In this city, there are many International Software companies like the Cognizant satellite town, Honeywell, Sun Microsystem or the satellite town are the most famous IT hub.
Gandhinagar or Ahmedabad
It is considered as a gifted city, in which many projects are still under the construction that is located under Gandhinagar or Ahmedabad. In this city, you may find the famous tech park and the most famous are economic zones, Software Technology Park or the convention center for leading IT companies.
If China is the factory of the world, then India is considered through its tech hub IT department. Its engineers can earn five times less than their Western counterparts, the country has become, for thirty years as a giant of computer services. The business employs about 4 million people in the country and generates a turnover of 123 billion euros, almost entirely earned on exports.