Buy custom It Industry In India
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| Topic: |
Technology
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| Number of pages / Number of words: |
4 / 1096 |
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The industry's contribution to GDP has significantly grown from 1.2% in 1999-2000 to 4.8% in 2005-2006[4]
Growth phase
With a CAGR of over 50% between 1992 and 2002, the Indian software sector has expanded twice as quickly as the American software sector[5]
There are many economic and political factors that is expected to have contributed to the growth of the Indian IT industry...
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In 1968 the Tatas conglomerate set up the Indian software services firm Tata Consultancy Services. Later, in 1970 IBM had to exit India due to high import duties. In 1991, due to a balance of payments crisis the government liberalized the economy. In 1994 the telecom sector was liberalized that led to the growth of the industry and increased competitiveness...
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