A. India is fast its low - cost position. In Mumbai, executive compensation levels for the financial sector are higher than in London, rental costs are above those on New york and electricity is dealer than in Tokyo.
B. The software sector will have to aspire to be the poet, not just the scribe. Indian exports of its own software, or licensing of its on intellectual property (IP), amounted to only about $450 million in the year ending March 31, 2007.
C. Increasingly, Indian companies will have to do more with their intellectual resources.
D. As Azmi Premji, chairman of Wipro, mentioned, in the curcial IT sector, cost arbitrage is one entry point but the continued growth of the sector will have to be based on quality.
E. Indian companies will need to evolve from their low cost position.
F. This is a tiny fraction of India's IT service exports. India's IT sector must go beyond "renting out IQ and start creating IP' If it is to compete in the face of ever - rising costs.
View solution