Innovation and Development in Information Technology in India: Specific to Software Industry

Information technology (IT) plays an important role in development of business, boosting economic growth and employment by energising higher education sector. Software sector is a major component of IT industry. Development of indigenous software products is necessary for nation’s economy through development in software industry. Under ‘Digital India’ and ‘Make In India programmes major institutions are involved in policies and initiative programmes, R&D and innovation for growth of software industry. The paper attempts to highlight the crucial contribution of key stakeholders such as universities, technical research institute and private-public software firms, STPI and industrial association for development of software products and services. The Indian Government has taken many initiatives for promotion and adoption of Free & Open Source Software for increasing foreign exchanges, developing indigenous products and achieving vendor’s independence. The paper raise question about unavailability of indigenous software products as compared to Microsoft and other foreign vendor’s products in Indian market. Various institutions are still working on creation of indigenous software and in upcoming time novel products and technologies will be provided by India to domestic and global IT market.