what is IT BPM sector how is it helping the Indian economy
Answers
Answer:
IT and BPM sector accounts for the largest share in total Indian services export (45%). IT and BPM sector accounts for 56% of the total global outsourcing market. ... Indian IT and BPM industry is expected to grow to USD 300 billion by 2020.IT and BPM sector constitutes ~ 9.3% of India's GDP.
Explanation:
Introduction
The global sourcing market in India continues to grow at a higher pace compared to the IT-BPM industry. India is the leading sourcing destination across the world, accounting for approximately 55% market share of the US$ 200–250 billion global services sourcing business in 2019–20. Indian IT & BPM companies have set up over 1,000 global delivery centres in about 80 countries across the world.
India has become the digital capabilities hub of the world with around 75% of global digital talent present in the country.
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