Of warfare, tech and innovation4 min read . Updated: 18 Nov 2016, 04:28 AM IST
As India's IT industry matures, it must leverage the birthing of its defence industry to create millions of jobs
The schadenfreude (German for joy in other people’s misery) about the Indian IT industry peaked with the last quarterly results of the major players; a particularly dim article in the foreign media was titled “Indian Software Died Today". Only a fool would deny that the India’s IT services industry is moving from the hormonal exuberance of adolescence to the cruising speed of adulthood but predictions of its demise or peaking at three million jobs are premature given the many horizons that are emerging: all hardware now needs a software layer; India’s clustering, critical mass and externalities in software rivals China’s in manufacturing; India produces more engineers than China and the US combined, so captive software centres beyond the FANG (Facebook, Amazon, Netflix, Google) like Uber, Airbnb, Expedia, KPMG, J.P. Morgan, etc., are exploding as companies decide technology is a core competence.