How time changed here in India ?

From the time I started reading the book "World is Flat" by "Thomas L. Friedman", my understanding of my interrelation with this whole world got redefined and i started to see myself with new perspective and position with respect to current world.

Before the time I got placed in Infosys, I used to read a lot about outsourcing, offshoring etc. but now since I am able to rejoice this opportunity came to me like many other Indian engineers, I am closer to see major changes of this century, comes through globalization.

Do you know? How this IT boom took place in India? Before I read this book I had very little idea about it. What I learnt through many newspapers and news websites was that these guy get projects related to Information Technology from US and other foreign countries, also run call centers for customers of many foreign companies. But how all these started? That is really very interesting story.

This all started when internet came in to significant existence by mid-1990 in western world but till then neither www had zoomed nor internet browser boomed to unleashed the power of internet.

Then came out a big bubble in the form of invention of www (world wide web) by Berners Lee followed by a release of amazing browser by Netscape at that time which became a big hit among internet user. The explosive demand for Netscape browser sparked internet boom and major big investor saw this as a huge business opportunity at that time and they poured billions of dollar for installing the costly fiber optics cables connecting the whole globe with the hope of getting huge return with internet booming globally in short span of the time.

But alas![for those investors only], Things didn’t go through as they all expected. Popularity of Netscape browser was just a bubble which burst before the eyes of investors who invested their billions and billions by seeing Netscape making millions. These companies faced huge losses and later overtaken by other company at very low value. But till then whole world had been connected by fiber optics cable of huge bandwidth. Since demand of such connectivity infrastructure was not much and companies bought them very cheap, getting Internet become almost free of cost because of cheap networks .

Although the companies who invested initially could not make any profit by internet and got sold in pennies but this proves to be historical milestone because investment made by these companies had connected whole world with a network which later become almost free for all.

Since this bursting of bubbles was a big setback for Western economies, it became very difficult for them to run a company profitably and many companies were facing big loss.

There comes the something to rescue the companies who survived that typhoon. That was a new trend of "Outsourcing" and "OffShoring" etc.. Companies shifted their job or part of their job to countries like India and China and because of a low cost. Because of Internet with huge bandwidth availability, all the barriers dissolved and "world got flat".

That is how IT Boom took place in India after 1990.

How you find this story? Please do tell me in your Comments.