India far ahead of China in IT but Chinese firms catching up: Expert

India’s IT sector, one of the mainstays of its economy, is much ahead of its Chinese counterpart in the global markets but the firms from China are catching up and doing well in e-commerce, autonomous driving, AI and cloud services, according to a top Chinese IT executive.

Mike Liu, the author of the book titled The Rise of Indian IT’, said unlike the Indian firms, who still have a sway in the global markets, especially in IT outsourcing, China’s software revenue is mostly from home.

Over 95 per cent of China’s IT earnings come from the domestic Chinese market, he said.

In the global IT market, India is leading much ahead of Chinese market players, he said.