Information technology in India
Information technology is playing an important role in India today and has transformed India’s image from a slow moving bureaucratic economy to a land of innovative. IT sector of India is generating 2.5 million Direct employment.India is now one of the biggest IT capitals of the modern world and all the major players in the world IT sector are present in the country. The Indian Information Technology / Information Technology Enabled Services industry emerged as one of the most dynamic sectors in Indian economy and is responsible for the global recognition of India. India is also gaining prominence in terms of intellectual capital with several global IT firms setting up their innovation centers in India. The consistent growth of the IT segment has created phenomenal wealth, employment, exports and a significantly large reservoir of highly competent technocrats and knowledge workers. Computer software and Hardware sector in India attracted cumulative Foreign Direct Investment (FDI) inflows worth US$ 21.A majority of the Fortune 500 and Global 2000 corporations are sourcing IT-ITES from India. Indian IT companies have set up over 600 delivery centers across the world and are engaged in providing services in over 200 cities across 78 countries. India is ranked as the 3rd largest tech-based start-up hub in the world with over 4200 start-ups in the country. IT Services and fast-growing sectors within it such as solutions and services around SMAC, IS outsourcing, IT consulting, software testing. Increasing adoption of technology and telecom by consumers and focused government initiatives – leading to increased Information and communication technology adoption.
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