This is one of the best GD topics and most relevant.
Actually Indian IT companies are known for thier services and not for any products. (Exclude i-FLEX from the list). I feel that we should start working towards having some products under belt. Since we have in depth knowledge of all the business domains, we should start developing enterprise solutions (Like SAP). In fact companies like TCS and Infosys are already doing it.
This will give us unique power over the entire IT kingdom. We are already good with service industry. Once we have good products under our belt, Indian IT industry will be the strongest in the world.
Now if you see the world's software companies, maximum revenues/profits are being bagged by product based companies (Like Microsoft, Oracle, Adobe etc.). Imagine all this or atleast a portion of this money flowing into India. Won't it give India awesome power economically as well as politically?
According to me, keep the good work up in service domain and start working towards patenting some products. Surely our Indian IT industry will raise to great levels.
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