Information Technology and its Role in India's Economic Development

The Indian IT services sector has grownup from tiny beginnings at all-time low useful creation to a significant player within the world info Technology (IT) business. It commands a fifty fifth share within the world marketplace for IT services. India IT sector value proposition in terms of low cost with large supply of high-quality talent is compelling. India being a extremely connected and digital-ready economy remains a high potential market worldwide giving multiple opportunities. As a result, India has become the premier selection not just for outsourcing IT services by the developed - world�s international companies (MNCs) however additionally for locating their own Global In-house Centres (GICs), with simultaneously compete and partner with local firms. Indian IT industry has contributed considerably to the economy in terms of GDP, employment and foreign exchange earnings. The pace growth of this business is taken into account as a growth driver for the economy. This paper examines however will the IT business is taking part in its predominant role in Asian nation economy with its numerous trends within the contribution to the gross domestic product in India, its exports, IT revenue trends and employment opportunities.