What lies ahead for India beyond IT?

India has made a name for itself in recent years as an emerging IT center for both back-office and programming business activities. The IT market is soft right now and international security concerns are pronounced everywhere, but especially in the Middle East and surrounding regions.

According to a recent India Economic Forum sponsored by the Wharton School of Public Policy and Management, India is looking in new directions beyond IT. These include consumer branded goods manufacturing, financial services and many other industries. This move points to the need globally for balanced and diversified national and local economies that can position themselves for growth opportunities in many markets. While it is likely that India will continue to stalk the IT sector for growth opportunities, it appears that thinking has broadened and that growth promotion efforts are likely to follow multiple paths in the future.

This points to the need for scenario thinking and planning--a topic we discussed in earlier blog articles. For more information about India's future economic development strategy, check out the Wharton website here.

Stay tuned.