Foreword
With hardly any foreign exchange reserves in 1990, India’s government was forced to change economic policies, and thus the economic liberalization opened up gates for new industries. Over the last 15 years, on the strength of rupee depreciation and cost arbitrage, India has grown into an economic powerhouse with one of the highest GDP growths for emerging economies. Coupled with an abundant Englishspeaking talent pool essential for the information technology (IT) and information technology enabled services (ITES) industry, India is one of the destinations for most IT companies to set up operations. India was earlier viewed as a cost arbitrage opportunity, but today it is a strategic IT destination. Some of the institutions like the ...
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