07-04-2012, 03:21 PM
GROWTH 0F INFORMATION TECHNOLOGY IN INDIA
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INTRODUCTION
What is IT?
As defined by INFORMATION TECHNOLOGY ASSOCIATION OF AMERICA (ITAA) “IT” is the “study, design, development, implementation, support or management of computer based information system particularly software's applications & computer hardware
GLOBAL SCENARIO
Today the IT’s advancement around the world cannot be imagined.
Integrated the world economy through removal of barriers.
Global sourcing of technology related services is estimated to have grown.
There is estimated growth regarding spending on world wide technology products & related services sector.
Global IT spends projected to grow at steady rate.
SCOPE OF IT-ITES SECTOR IN INDIA
Economic survey revealed that IT-ITES sector created almost 3 million additional jobs this year and number will go on in the immediate future
IT services will contribute over 7.5 % of the overall GDP.
IT Exports will account for 35% of the total exports with potential for 2.2 million jobs in IT by 2008.
IT industry will attract Foreign Direct Investment (FDI) of U.S. $ 4-5 billion.
CONCLUSION
Very good future prospects
IT & ITeS is on going requirement of every nation.
Opportunities for Investors, Entrepreneur, Youth and Countries
Continuous growth year by year