Introduction to International Business

Closing Case: A BOOM IN BANGALORE What is the quickest growing pains in India? Software, by far. The software sedulousness serves as a poster child for the success of Indias economic reforms and the benefits of opening up its economy. For decades Indias universities annually have tens of thousands of well-trained engineers, but its inward-looking economic policies often failed to utilize the engineers talents. In 1991, however, the Indian organisation relaxed its control over the economy. It reduced trade barriers, receptive the door to new abroad direct investments, and modernized the pastorals financial sector. The governments economic reforms, conjugated with the blossoming of the Internet, have made the Indian software industry a powerful force for modernizing Indias economy. Since the reforms were initiated in1991, the industry has braggy by an estimated 50 percent annually. Software is rapidly adequate Indias primary export. In 2002, software accounted for over $7 billion in export earnings; one government agency believes this venture capital flowed into it, double that of 1998. Experts estimate that by 2008 Indias software industry will annually withdraw $10 billion in venture capital from foreign firms eager to access the knowledge of Indias best and brightest students.

Bangalore is the epicenter of Indias software industry; Bombay, New Delhi, and Hyderabad also domiciliate many software and information technology firms (see map 12). Bangalore is firm to Wipro Ltd. and Infosys Technologies Ltd., which are now Indias third and fourth handsomest companies when mensurable by food market capitalization. Both companies have tapped into Indias large pool of highly trained English-speaking workers. Although occupying different market niches, both companies have stressed quality and the need for a global approach. For example, each qualifies for a high-quality rating from the Software engineering science Institute, a certification program sponsored by the U.S.... If you want to undertake a full essay, order it on our website: Orderessay

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