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ly higher value added segments such as mission- critical applications, development and support, product design, HR Management, knowledge process outsourcing for pharmaceutical companies and other large complex projects. Indian firms have gradually displayed their technological and project management capabilities by effectively finishing turnkey projects (Mathur, 2007; Nasscom McKinsey Report).

Future

In the coming years, developments in the IT sector will progressively require more educated engineers, efficient telecommunication services, continuous power supply and venture capital needs. There has also been increase in the wages of the employees in the sector and the possibility of this trend to continue in the times to come is quite high. This may affect India's cost advantage in relation to other follower nations like China, Russia, Philippines, and Mexico, in the IT business of software exports of products and services. Current HR trends within the IT-ITES industry suggest that the industry will require more than 8 million IT professionals and 2.2 million ITES-BPO professionals by 2011(Nasscom Strategic Review, 2009); the Indian IT industry has to take adequate steps to develop talent, particularly among college students so as to involve in high level work and innovative new products(Mathur, 2007).

Innovation

The Indian IT industry is already on the course of the innovation. A number of companies in India have decided to take the path of innovation using various techniques. Customers are looking forward to enhance the services being provided by the companies and other methods of innovation to reduce costs and to satisfy the customers it is of great importance for the companies to achieve some level of innovation in their company. 

There have been a number of new product development strategies, Customer Response Initiatives, Marketing, building brands etc to improve innovation by the Indian companies. Nasscom together with IT industry has taken the initiative and is working on improving the innovation of IT industry for the past few years. Along with these organizations, employees of the companies in India also have freedom to give new ideas of innovation. Other than these, Companies also encourage the employees towards out of box thinking and other learning processes to develop new skills and work towards innovation. Till date only Tier 1 players are facing the pressures of innovation from their clients while Tier 2 and Tier 3 companies are lagging behind in the growth through innovation. Nasscom has suggested the Innovation ecosystem in which there are stakeholders like firms and entrepreneurs, investors, government bodies, and education and research institutions. According to them poor performance of any of the above stakeholders will leave the ecosystem unfavourable for further growth. To make sure innovation has its growth continued there should be various initiatives to be taken in the future. One of them started by Nasscom is the Innovation Awards. Nasscom innovation award allows companies to show the level of innovation being practiced in the companies and to encourage innovation across IT industry. Other than this government should also support innovation by helping small or medium size本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。