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Hello ! Manish I have researched on Information Technology and I want to share my perspective with you as we are in the same group.
Oh yes, even I have also learned a lot so lets do a knowledge trade.
So Manish I think a very important point from our research is competition because products need to be updated to modern software industries as one needs to be a strong competitor in the software marketing business, else other companies will steal away important business contracts and this will affect our business.
Another point can be what if timing is not right because an IT consultant can’t be late with his product updates as he works for the software industry and if something goes wrong it needs to be fixed (eg bug issues with software )it will leak and create a big disaster. People may choose to shift to another vendor for services.
Next, would be GST which stands for Goods and Services Tax because if the price of your companies product increases the consumer will not buy your newly invented gadgets and the demand reduces so you as a producer will suffer a loss. However now with GST included gradually prices will become uniform.
We should also consider proficiency because IT workers need to be accurate with all the work they do so that the demand for their product increases and they will have a profit.
From my research I also think technology crashes would be a point to mention because technology can keep record of all your passwords and if a stranger knows how to hack the device, then he access your device and get all of your private information. Most of it can also be deleted accidentally hence back up must be done for all products.
Now I think there is only one point left which is GDP which stands for gross domestic product because to advance India’s economy, India will have to increase The GDP by 3-4% , so they can match other countries like China , US A , Canada , UK , Russia , France , Germany , Italy ,etc.
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