Question

Explain in brief about information technology in India?

Answer 1

Information Technology in India is an industry consisting of two major components: IT services and business process outsourcing(BPO).
The sector has increased its contribution to India's GDP from 1.2% in 1998 to 7.7% in 2017.

 According to NASSCOM, the sector aggregated revenues of US$160 billion in 2017,
with export revenue standing at US$99 billion and domestic revenue at US$48 billion,

growing by over 13%. The United States accounts for two-thirds of India's IT services exports

India's IT Services industry was born in Mumbai in 1967 with the establishment of the Tata Group in partnership with Burroughs.[6]The first software export zone, SEEPZ – the precursor to the modern-day IT park – was established in Mumbai in 1973. More than 80 percent of the country's software exports were from SEEPZ in the 1980s.[7]

The Indian economy underwent major economic reforms in 1991, leading to a new era of globalization and international economic integration, and annual economic growth of over 6% from 1993–2002. The new administration under Sri Atal Bihari Vajpayee (Posthumus) (who was Prime Minister from 1998–2004) placed the development of Information Technology among its top five priorities and formed the Indian National Task Force on Information Technology and Software Development.