Well thatz a nice topic to talk about at this juncture.Well the below points can help you in ur preparation
The condition of the India in 2000 and in 2007 are entirely different.When you look at 2000,mostly Indian operations were started on a cost effective basis for the US companies taking the difference in time Zone as an adavantage.But slowly Indian companies picked-up growth and we changed the image on how US companies view us.we not only provide cost-effectiveness but also add value-added services.So we are currently providing end-to-end solutions for most of the Fortune 500 clients.As the rupee value got depreciated,US companies were rushing to outsource to Indian clients.
Slowly,the world started to realise the potential of Indian IT companies and Indians also started to reduce the dependance on NA economy.So during 2003-04,almost 60% of the revenues are from NA for most of the IT companies.But today it has been reduced to 40-50%.Indians have moved to Europe and SA.India is growing at a scorching pace of 9% pa for the last 4 yrs.Currency started appreciating triggered by the credit crises in America and right now,Indian IT companies are feeling the heat of the rupee apprecation.So they want to reduce the dependancy on the US markets.They are trying to concentrate on Asian,European and SA markets.
If all goes well,service sector will see a strategic shift from the US markets to the Asian markets.
-Deepak.
