Volume : II, Issue : VIII, August - 2013

Financial Management of Indian Software Industry

Dr K Maneiah

Abstract :

Computers were introduced in the early 1960s to help in the complex data processing work involved in formulating the country’s Five Year Plans. This opened up a national debate on the ethics of computer use in a populous country with severe unemployment. The fear that computers might displace workers held up their wider application until 1980 when the government decided in favour of economic and industrial liberalization and gave the green light to computer application in critical areas of production and research. Later the policy was extended to all areas in order to improve productivity and efficiency. Expectations are high that computer activity and exports will create more jobs, particularly for the educated unemployed. And even greater potential for absorbing this surplus labour is seen in the development of the software industry. The software sector plays an important role in every modern economy because software is nearly omnipresent. In modern economies everybody uses software several times a day. The fields of application reach from a radio alarm clock to an automated production process. Today the software industry has become the backbone of companies around the world. With technology advancing in leaps and bounds, there is no stopping of IT professionals around the world to idge the gap between huge untapped markets and its customers, as well as creating an opportunity for innovation.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Dr K Maneiah Financial Management of Indian Software Industry International Journal of Scientific Research, Vol : 2, Issue : 8 August 2013

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