India, China could become the tail that wagged global IT dog’

Excerpts from The Financial Express, National Edition, Feb 2, 2005

JAMSHEDPUR, FEB 1: The share of India and China in the global IT industry would go up in the near future as per Nik Dholakia.

Giving his views on the business process outsourcing (BPO) scenario the world over, especially in the Indian and the US context, Prof Dholakia said the momentum was definitely tilted towards China and India.
The global IT industry is currently estimated to comprise an electronics goods market worth $300 billion, a computers and software market worth $1,000 billion and a $1,300 billion telecom market.

Speaking at XLRI campus here on IT-enabled globalisation of what he described as his “aerial view” of India, Prof Dholakia said even though the numbers were very small and India’s contribution was not even a drop in the bucket, yet in the global IT industry, India and China (the latter because of its hardware base) could become the tail that wagged the global dog.


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