India rides new wave of globalization

                                                                                         

India is riding a new wave of globalization-”and prosperity–as the economics of IT outsourcing, design and development propel it into a new role as a technology leader.

No longer an island of outsourcing, India is at the center of a growing number of regional business and IT technology partnerships with neighbors as diverse as Egypt, China, Pakistan and Dubai. All are poised to shake up the IT status quo in the West while bringing a new phase of tech-driven development to North Africa, the Middle East and the Gulf states.

With aspirations of repeating India’s success in business process outsourcing, design and development, political, the region’s business and academic leaders are seeking to align with, or replicate, India’s models for IT business and technology development.

This new geo-technology axis is destined to have a profound impact on the global IT and technology sectors, and it marks a turning point in the industry’s balance of power. This shift mirrors the decades-old exodus of electronics and computer manufacturing from the U.S. to Asia and China. It also comes as the U.S. IT sector is increasingly seen as a “mature” market that is on the verge of a recession.

India’s emergence as a global IT leader will have profound significance for the electronics market as next-generation semiconductor and electronics system design–including embedded systems design–will follow technology demand emerging from burgeoning domestic and regional economies.
This trend is foremost in the minds of the India Semiconductor Association, (ISA) which convenes its 2008 Vision Summit here this week. ISA expects the Indian industry to evolve from design into a major electronics manufacturing hub before the end of the decade.
According to analysts at Prayag Consulting, the geography of innovation is changing, and, according to John Kao, an innovation consultant, all of the key advantages once enjoyed by the U.S. are disappearing. “While in the 20th century, leading-edge thinking emanated from the West, today, the rise of Asia is evening that out.” In its place, Prayag’s consultants see a new technology innovation triumvirate emerging.
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