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Worldwide
IT services revenue growth at 6 pc: Gartner
Bangalore: Gartner Inc, the world's leading IT research
and advisory company has said that worldwide IT services
revenues grew to $672.3 billion in 2006, a 6.4 per cent
rise from $631.8 billion generated last year. While India-based
vendors' IT services revenue grew 33.3 per cent in 2006,
these companies earned only three per cent of the revenue
tracked, while US-based vendors earned 57 per cent of
the total.
Gartner
said that without significant acquisitions, it would take
India-based vendors many years to reach even half the
revenue of US-based vendors.
It
added that core business process outsourcing (BPO) services
grew strongly in 2006. These process management services
increased 8.6 per cent worldwide and several market leaders
grew faster than the overall market. Development and integration
services represent the backbone of IT services accounting
for 30 per cent of the market in 2006.
In
all IT services IBM continued to be the worldwide market
leader, but its growth rate was below the industry average.
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Nath
objects to H1-B move by US senators
New Delhi: India has raised objections to the move
by two Senators from the United States, asking nine Indian
IT companies in a letter to furnish details of their work
force and their use of H-1B visa. Commerce Minister Kamal
Nath said he will take up the issue with Susan Schwab,
the United State Trade Representative as well as the G-4
meeting on world trade talks, scheduled to be held in
Brussels on May 17 and 18.
Nath
said issues such as work visas are inter-governmental
in nature and should be dealt with accordingly. Temporary
movement of skilled professionals is an essential component
of the global services economy and bears no relation to
immigration issues. Any move which creates uncertainty
and unpredictability about such movements will naturally
have an adverse impact on the rapidly expanding services
trade, he said.
Nath's
statement further added that India had been discussing
liberalisation of their regime for movement of skilled
professionals to facilitate further expansion of services
and would be extremely concerned if there are efforts
to circumscribe the existing levels of liberalization
in this area in the United States.
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Raja
says rural telephony is top priority
New Delhi: A Raja who took over as the new Communications
and IT Minister from Dayanidhi Maran says rural telephony
would be his top priority.
Raja
said despite telecom being one of the fastest-growing
sectors of the economy did not reach the rural masses.
Raja
said a lot of progress was made in Dayanidhi Maran's tenure
and he would seek continuity of his policies. Dayanidhi
Maran, during his tenure, saw the telecom subscriber base
rise from 54 million in 2004 to around 170 million in
2007.
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Japan
emerges most innovative in biz practices, Sweden, US follow
New Delhi: Despite emerging as the second best place
for business innovation after the US, India will give
away its lead over China as an innovative country in the
next five years.
In
a survey of 485 senior executives worldwide carried out
by Hong Kong-based Economist Intelligence Unit, Japan
has emerged as the world's most innovative nation in terms
of business practices, followed by Switzerland, US and
Sweden.
India
has been ranked at 58th position, just before China's
59th position in a ranking of 82 economies, based on their
level of innovation during 2002-06. The study released
on Wednesday, said the top four economies are set to maintain
their position during 2007-2011, while China will move
up to 54th position, overtaking India. India would also
rise in the ranking, but not as much as China and would
be positioned at 56th rank in 2011.
The
US emerged as the country with best conditions for innovation,
followed by India at the second position, UK at the third
and Japan at the fourth.
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