Question

article on IT sector

Answer 1

Information technology in India is an industry consisting of two major components: IT services and business process outsourcing(BPO).[1] The sector has increased its contribution to India's GDP from 1.2% in 1998 to 7.5% in 2012.[2] According to NASSCOM, the sector aggregated revenues of US$160 billion in 2017,[3][4] with export revenue standing at US$99 billion and domestic revenue at US$48 billion, growing by over 13%. USA accounts for more than 60 per cent of Indian IT exports.[5]
The Indian IT market currently focuses on providing low-cost solutions in the services business of global IT. The presence of Indian companies in the product development business of global IT is very meager, however, this number is slowly on the rise. The other prominent trend is that IT jobs, once confined to Bangalore, are slowly starting to experience a geographical diffusion into other cities like Chennai, Hyderabad and Pune. According to Google estimates, the Indian community of developers will be the largest in the world by 2018.[11]

Answer 2

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