Question

How has the software industry developed in india inthe recent past?

Answer 1

The Indian software industry is having a
phenomenal compounded growth of about 60 percent per annum. The software
industry is for main component of the Information technology in India. The
technological revolutions has brought about tremendous and unexpected
opportunities in the field of information technology which lead to the
remarkable success story of Indian software industry. It has grown more than
30 percent over last 20 years. India exports software services to more than 95
countries.
Indian software industry has built up valuable brand equity for itself in
the global market. The software firms quickly moved up the value chain, from
performing low cost programming abroad to providing comprehensive software
development services from India for overseas clients an abundant pool of
Indian technical manpower, created a series of elite technical and management
institution that responded to serve global shortage of technical manpower.