Question

Which industry has been a major source of foreign exchange earner in the last few years?

Answer 1

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.