Question

The industry is the major source of foreign exchange earnings

Answer 1

Answer:

The industry that has earned our country a major, sizeable share of foreign exchange, is the Information Technology industry. In the last two decades, the contribution to India's GDP from Information Technology, has grown by 6.5%.

Answer 2

Answer:

The industry that has earned our country a major, sizeable share of foreign exchange, is the Information Technology industry. In the last two decades, the contribution to India’s GDP from Information Technology, has grown by 6.5%.

The Information Technology industry in India, consists of two segments Information Technology services (ITS) and Business Process Outsourcing (BPO). With the government’s liberal policies, growth of private players and infrastructure, the industry is poised for further growth.