write a short note on IT sector
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INFORMATION TECHNOLOGY
Information technology (IT) is the use of any computers, storage, networking and other physical devices, infrastructure and processes to create, process, store, secure and exchange all forms of electronic data.
Answer:
Information Technology in India is an industry consisting of two major components: IT services and business process outsourcing (BPO).[1] The sector has increased its contribution to India's GDP from 1.2% in 1998 to 7.7% in 2017.[2] According to NASSCOM, the sector aggregated revenues of US$160 billion in 2017,[3][4] 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.[5]
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