Indian IT Sector Gets a Shot in the Arm

Indian IT Sector Gets a Shot in the Arm Though the recession is yet to say good­bye Indian IT sector still continues to impress the world. It is a well­known fact now that India has faced the changing economical situation with enough determination and composure. Perhaps that is the reason that two of its major IT companies have found a place in the list of 500 top companies published by Financial Times.

The two companies that show the Indian might to the world are Infosys and TCS. The latter is the short form of Tata Consultancy Service. Both of these companies have proven their mettle in the fields of Business Process Outsourcing and they are also two of the topmost companies in India that rule the BPO sector.

While TCS ranks 483rd, Infosys’ position is a lot better. It has been able to secure a ranking of 330. This comes at a time when these two Indian BPO giants are trying to establish their presence on Brazil among other nations. TCS already has about 1700 people in this Latin American nation.

This news also follows the Nasscom announcement that the IT sector is going to see a better business at the end of the Financial Year 2009­2010. Indian IT BPO companies exported about $ 28.4 billion to the US in the year 2008. Nasscom also predicted that the Indian BPO sector would earn revenue of about $ 47 billion in the year 2009.

This ranking once again proves India’s supremacy in the field of BPO service. Despite the entry of African countries like Ghana, South Africa, and Egypt Indian BPO is still going strong and is still leading the pack in the global perspective. Ghana leads the table regionally for being one of the better BPOs in Africa.

Thus Indian BPO companies have a lot to cheer about and look forward to.