Economy, asked by arpit77279, 1 year ago

Describe the growth of Information Technology and electronic industry

Answers

Answered by vyshu35
6
Indian IT sector has recorded a compound annual growth rate of 55% from USD 270 million in 1992 to 5.7 billion in the Fiscal year 1999-2000 the nasscom-mckinsey report projects about USD 87 billion in 2008 for Indian IT companies in the era of globanization and knowledge economy propelled by the phenomenal growth in IT a paradigm shift in productivity and economic development and in management thought is clearly discernible significant growth has been witnessed in the electronics and IT sector during 1980s and 1990s the electronics production in value terms has increased from $9100 millions in 1989-90 to $687000 millions in 2000-01

the software exports grew from$1650 millions to $285000 in 1980s the outsourced or trans-border IT enable services (ITES) have a great potential for growth and contribution towards employment opportunities in India unlike most developing countries India is expected to gain from the emerging digital economy
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