India is far ahead of China in IT, Chinese companies are catching up on IT technology, claims Chinese IT expert.

Chinese IT expert Mike Liu has claimed that India is far ahead of China in IT. He said India’s IT sector, one of the mainstays of its economy, is far ahead of its Chinese counterpart in global markets. According to Liu, Chinese companies are catching up and doing well in e-commerce, autonomous driving, AI and cloud services.

Mike Liu, author of the book ‘The Rise of Indian IT’, said that unlike Indian firms, which still dominate global markets, especially in IT outsourcing, China’s software revenue comes mostly from the domestic market. He said that more than 95 percent of China’s IT income comes from the domestic i.e. Chinese domestic market. But in the global IT market, India is far ahead of the Chinese market players.

Mike, one of the Chinese IT executives who worked with top Indian company Infosys for years, said ahead of the release of his book that Chinese companies are not a threat to Indian companies in the global market. Let us tell you that Mike Liu’s book providing an insight into the development of Indian and Chinese information technology over the decades has recently been published in Chinese language. It will soon be published in English.

Mike argues that Indian IT firms are doing well among MNCs based in China because they are operating with a “cost conscious” and “short-term return” strategy. Let us tell you that Mike was the first Chinese-origin head of Infosys and worked in both Indian and Chinese firms apart from multinational companies like HP.

IT sector contributes eight percent to GDP

According to a recent report by China’s Ministry of Industry and Information Technology (MIIT), China’s software business revenue reached 5.456 trillion yuan (US$797.26 billion) from January to July this year, a year-on-year increase of 10.3 percent. Is. According to Mike, the IT sectors of both the countries contribute about eight per cent to their GDP, although China’s IT revenue is much higher considering the size of China’s economy.

Mike Liu says that while Indian IT firms have ruled global markets, Chinese companies have established dominance in technology. However, Chinese companies have a long way to go to break into the global international market. Mike argues that I think Chinese players still need to learn how to compete in the English market. Chinese people often ask, why have Indians become so prominent in business in America? The typical view is that Indians speak good English. But it’s probably a one percent factor.

Indian tech firms spend less on research

According to Mike, Chinese companies such as Huawei, Alibaba, Baidu and Tencent have taken giant leaps in technology development, while the Indian IT sector is largely confined to software outsourcing, spending little on innovation and R&D.