A new study by the Centre for Economic Policy Research says India’s tech sector needs to invest in new and better IT infrastructure.
The report, released on Monday, said India’s IT infrastructure is not sufficient and that there are significant technical gaps that could be filled by more robust investments in new IT infrastructure, especially for the areas of cloud computing, mobile apps and data storage.
This is an emerging challenge, and it is going to be one of the areas where the government needs to focus its efforts and invest heavily,” said the report’s co-author, Manish Nandini.
The Indian IT sector is facing a huge challenge, as IT investment is slowing down, but we need to invest more in IT infrastructure… and we need more people to work in this sector, Nandinis said.
The government needs a more integrated IT strategy, which would address the needs of the Indian IT industry.
This, along with the rise in mobile apps, could make the Indian tech industry a more attractive destination for foreign companies, the report said.
India is one of India’s fastest growing technology economies and in the last three years it has experienced growth of 6.3% annually.
The growth is also faster than that of China.
However, the country’s economy is still growing at only about 2.7%.