Staff Crunch by 2020

A study said if India and its technology industry focused on transforming its business environment, innovativeness and talent development, the revenues would be as high as $375 billion by 2020.

But the report also has its share of potential risks and warnings:

*India's share in services exports can decline from 51 percent to 40 percent

*The industry could face an employee shortage of up to 3.5 million

*Infrastructure is still ill-equipped to handle an industry five times the current size

*Policies not in tune with the industry's potentials of growth

*Competitive threat is expected from at least 25-30 countries