India’s $154-billion information technology sector emerged as a top bet in the year gone by amid heightened market volatility.
With the adoption of emerging technologiesNSE 3.85 % such as artificial intelligence (AI), machine learning and robotics for automation, the sector appears to be on the cusp of another major leap forward.
The nature of business of IT companies has changed, and digitisation and automation have led to a change in role dynamics. Besides, IT firms are shifting from standalone and in-house-based hosting to cloud- and SaaS-based collaboration and productivity solutions as well as Platform as a Service (Paas).
India holds a prominent position for its capabilities in outsourcing of IT services. It accounts for about 67 per cent of the global outsourcing market. Source