Analysis on the Development Elements of IT Industry in India
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DOI: 10.38007/Proceedings.0000519
Corresponding Author
Qiming Hu
Abstract
This paper establishes a new interpretation framework to explain the reasons for the development of IT industry in India. It mainly improves the elements of the "Diamond Model" and concludes six elements of the development of the Indian IT industry: “production factor”, “government”, “industry cluster”, “demand condition”, “trust condition”, and “opportunity”. Moreover, it emphasizes that these six elements are a system. In the long run, it is just the intertwined use of these six elements that India has the advantage of self-reinforcing and the rapid development of the industry.
Keywords
India; IT industry; Elements