Indian software companies have been in the business of application development and maintenance of global client for a decade now . This model of doing has a high revenue generator so far bringing a high return on investment . However in this age of competition, price undercutting and rise in salary, this model may not yield the desired return for long . The depreciation on the Indian rupee and infrastructure facilities provided by the government at a low cost have so far minimized the effect of these market factor, therefore it is seen that the Indian software companies look at the higher end of the value chain to sustain themselves and improve their profitability .
Indian software companies have built up substantial domain knowledge through application development and maintenance to get into the business of consulting . However, as a first step , the need to metamorphosis their image of low cost back office service providers to product developers and domain consultants.
There are some major areas where Indian software companies can make their mark are :- E Business , Open Source Software , Domain Specific Proprietary Software . Many Indian companies are trying to scale up the value chain . Companies like TCS , Wipro , Infosis generate some part of their revenue through product development and consulting . Many smaller companies are also joining this race .
The Augurs Well For The Future Of Indian Software
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