IIHT: the Elixir of IT Talent

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IIHT: the Elixir of IT Talent

25 years ago, to be precise, on July 24, 1991, from acentralized economic planning India took a U-turnand launched its massive economic reforms.Popularly known as Liberalization, Privatization and Globalization (LPG Model), the new economic policies set a stage for fundamental mind shift and transformed the country forever. There was one thing that has been changing dramatically since the reforms in 1991 – India’s Information Technology Industry. From $150 million in 1991 to more than$5.7 billion in 2000, the IT Industry bubbled with an annual growth not sliding below 50 percent. Indeed, IT in India was not just a boom, but a trend that all businesses had to embrace unfailingly to sustain and expand. It was evident that the industry would turn extremely demanding and the need for...