Can Indian software companies produce world-class software packages ?

On one of the global electronic ERP forums, there was a doubt raised as to whether Indian software companies can produce world class ERP software packages.

Why not ?

India has the momentum currently both in terms of numbers and quality of both software developers and consumers.

IT spends in India have the world's highest growth rate - 26 % (again a Forrester figure).

The only problem is the booming domestic economy, which makes businesses complacent and reluctant to look at improvement of their internal and external systems and operations. (It it ain't broken, why fix it ? ( :- ).

The US is far ahead of India in this respect which is also reflected in the periodic Annual Global Competitiveness Rankings Reports that are published.

So as we go ahead, as India becomes more globally integrated and competitive leading to local businesses demanding world class solutions, this will trigger a demand and automatic fallout of more software companies launching original software packages developed in India, tested against a demanding domestic market and globally branded as Indian solutions.

An Indian Software Company to overtake Microsoft by 2020 ?

That is the statement made by Hatim Tyabji, Founder of Verifone in an interview to Business Standard.

Hard to Believe for people in the software business ?

You can read the rest of the interview here and judge for yourself.