India's GDP growth has risen as tech sector grows
India's GDP figures for the quarter have recovered from a three year low, with July-September growth at 6.3 percent. India's full-year GDP growth is expected to pick up from 6.7 percent in 2018 to 7.3 percent and 7.5 per cent in 2019 and 2020.
India is set to emerge as the world's third largest economy over the next decade, with many UK and US companies seeking high-tech Indian expertise to drive business growth.
India is building a strong global presence in areas such as automation, artificial intelligence (AI), big data, cloud and Internet of Things (IoT). McKinsey estimates that automation could raise productivity growth globally by 0.8 to 1.4 percent annually. According to IDC, 70% of the Global 2000 will have teams dedicated to digital transformation or innovation by the end of 2017.
Intelenet® Global Services has recently been recognised as a rising competitor in delivering automation services by Everest Group's PEAK Matrix™ Assessment for 2017. The assessment helps enterprises to make critical selection decisions about global services providers and solutions within various market segments.
Intelenet views automation as a key driver for digital transformation, and has been praised by Everest Group for its ability to drive speed, efficiency, and cost-effectiveness for its clients through innovative technologies.
Bhupender Singh, CEO of Intelenet® Global Services, comments: "With India set to emerge as a driving force in digital transformation, Indian technology innovation is now positively impacting companies around the globe. In particular, we are seeing the UK and US becoming common recipients of technology outsourcing investment.
"Nearly all global organisations are on the journey towards digital transformation, but embracing disruption can be difficult. For companies that are not digitally native, partnering with a digital expert can help them to utilise emerging technologies that are crucial for business growth. It is becoming common for clients to expect outsourcers to know their business and the opportunities for innovation better than they do.
Bhupender continues: "The recognition from Everest Group endorses our growing capabilities and reflects the increasing importance of technology innovation across a wide variety of sectors, ranging from banking and financial services to retail and travel. We have prioritised our client's business outcomes so that through automation solutions we can provide services that effectively drive transformation across their business processes."