What are the newer businesses that can be tapped by Indian companies through outsourcing?

Indian IT firms need to get a global makeover so that they can compete in markets that have a larger role in the IT economy. For example, the healthcare segment needs to be more IT intensive and efficient. And, if Indian and global companies are not doing it, they are limiting their long-term goals. Most of the healthcare in US is private and is run by health maintenance organisations. This offers a lucrative opportunity.

The pace at which embedded systems are evolving is enroumous .India has the necessary talent pool and the resources to untap this market .IN order to lead in the innovation race , we really have to adopt the OPEN concept and implement it in our  work .THe projects like opencv , openmp , o3d etc ... are very promsing .It is sad to see the contribution to these is least from our side .

While global Automotive and Semiconductor industry giants have already realized and benefited from quality and competitiveness of Indian design operations, we lack in our efforts to give a push to our own design skills in an organised manner. Frugal Designs from India can cover almost all industries and we can be the hub to the world for it. We should focus on Design exports in a focused manner, covering Engineering, Fashion & Accessories, Automobiles, Semiconductor & Healthcare Equipments.