Thread: Sunrise Industry in India: Translation Sector

No doubt, you've noticed that Google is working hard on producing translation and transliteration tools, which incorporate many Indian languages. There are others tapping into India's translation industry.

LiveMint has an article discussing the prediction that India's translation sector, a sunrise industry, is likely to do well in a few years' time.

Despite global recession, the $500 million Indian language translation sector, a sunrise industry, is likely to take off in a big way in the next three years, trade sources feel.

The Asian language translation market revenue accounted for $1312 million in 2008 and is projected to reach $1410 million in 2009 and touch $1516 million in 2010, according to Research and Consulting firm, Common Services Advisory.

The Indian translation market is poised for big growth as it is regarded as a great consumer base and especially as more and more multinational companies are setting shop here and the need to speak the language of the local populace is being felt more strongly than ever before, the sources said.

With so many different languages being spoken in India, plus increasing foreign investment, I'm not surprised to read that the translation industry is expected to do well.

Yes that is true.
Besides translation, transcription is yet another industry, which is having great potential here.