By Li Zhineng　

Date: 2005/02/07

Abstract:

The Indian IT industry is facing a series of challenges such as a more conservative US policy on relocating service industry abroad a retreating policy for European countries in off- shore outsourcing service, the difficulty in the upgrading of IT industry and an over dependency on international market and foreign capital. Under the background of a continuously rapid growing export for Indian IT industry, the challenges have been underestimated by India due to excessive self-confidence and this might hold India back from making a critical breakthrough in the hi-tech industry in the near future. China should draw lessens from that and rely on its own conditions, opportunities and advantages to approach a growth path for the service industry with Chinese characteristics.