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Information Technology industry in India and In U.S.A

Information Technology industry in India and In U.S.A
Information technology along with the hardware and software aspects associated with the Information Technology industry, have become an integral part of nearly every major global industry. The information technology industry has become one of the most robust and overreaching industries in the world. Information Technology in comparison of all the other industries on an economic level has contributed so much more and is still continuing to do so by constantly affecting changes in the way businesses are conducted and the way the world functions.
All of this impacted by the digitalisation concepts has given a worldwide acceptance towards the Information Technology industry. Such kind of economic growth has benefited both the consumers and the retailers in the long run and is also dedicated in improving their daily aspects of life. The Information Technology industry helps many other sectors in the growth process of the economy including the services and manufacturing sectors. The Information Technology industry can serve as a medium of technological monitoring and governing capabilities, as it assures easy accessibility to information. The use of information technology in the service sector improves operational efficiency and adds to transparency. It also serves as a medium of skill formation within many industries and many individuals alike.
The ideology that the Information Technology industry is easy to access has given the industry a wide range of demand in a lot more underlying aspects and thus giving it a boost for future growth. The Information Technology sector has emerged as a major global source of both growth and employment. Unlike other common industries, the Information Technology industry is knowledge-based. Efficient utilization of skilled labor forces within the Information technology Industry has helped the economy achieve even more impending growth in the greater aspect.
India's growing stature in the Information Age enabled it to form close ties with both the United States and the European Union. However, the recent global financial crises have deeply impacted Indian IT companies as well as global companies. As a result, hiring has dropped sharply, and employees are looking at different sectors like financial services, telecommunications, and manufacturing, which have been growing phenomenally over the last few years. But this does not mean that the Indian IT companies are not going to be hiring individuals anymore it just means that there isn't much demand for individuals willing to enter in it and this is solely because of the economic variances within the country in comparison to other more successful countries.
The United States as we all know has the most advanced software and information technology services industry throughout the world. More than a quarter of the global Information technology industry is in the United States. The number of jobs created directly by the software industry has increased by a quarter since the year 2014. This total includes software publishers, suppliers of custom computer programming services, computer systems design firms, and facilities management companies within the variations of the whole industry.
 The industry draws on a highly educated and skilled U.S. workforce which has sought out to grow continuously during the past decade. U.S. software firms operate a mature, harmonized market and have a reputation for producing reliable and effective solutions that accelerate quickly to the marketplace. International companies in the industry have shown a keen interest in the U.S. market because of its strong intellectual property rights laws and enforcement. U.S. companies lead the world's packaged and custom-software markets, and are competitive in nearly all other market segments with a stable overseas market share. In totality if the Information Technology within India is seeking to grow in the long run it needs to invest a lot more into understanding the technologies used in the developed nations. The progress at the current rate is not wholesome and will take a lot more time to achieve the standards of the U.S.

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