The country has the potential to build a $100-billion software product industry by 2025, according to think tank Indian Software Product Industry Roundtable (iSPIRT).
According to IT industry body Nasscom, the current size of the software product industry is $2 billion. For the projected growth to be accomplished, “purposeful” action needs to be taken by the Government as well as the industry, iSPIRT said in a report.
Industry analysts, however, said the $1-billion target is “far fetched.”
Almost a year after breaking away from the software industry body Nasscom, iSPIRT has projected that the India has the potential to build a $100-billion industry by 2025, a target which is far fetched, according to industry watchers.
However, if this potential of rivalling the existing $100 billion IT industry has to happen, ‘purposeful’ action needs to be taken by the Government and the industry, the report added.
According to IT industry body Nasscom, the current size of the software product industry is $2 billion. For the projected growth to be accomplished, “purposeful” action needs to be taken by the Government as well as the industry, iSPIRT said in a report.
Industry analysts, however, said the $1-billion target is “far fetched.”
Almost a year after breaking away from the software industry body Nasscom, iSPIRT has projected that the India has the potential to build a $100-billion industry by 2025, a target which is far fetched, according to industry watchers.
However, if this potential of rivalling the existing $100 billion IT industry has to happen, ‘purposeful’ action needs to be taken by the Government and the industry, the report added.
