In India, the software boom started in the late 1990s. The sector has increased its contribution to India's GDP from 1.2% in 1998 to 7.7% in 2017. According to NASSCOM, the sector aggregated revenues of US$ 160 billion in 2017, 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.
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Recent Developments The Government is driving forward reforms in IT and electronics manufacturing sector through major initiatives like ‘Make in India ‘and by creating .... |
