Over the past decade, India’s information and communication technology industry (ICT) has been among the fastest growing in the world. The Indian IT and ITeS industry is divided into four major segments – IT services, Business Process Management (BPM), software products and engineering services, and hardware. A pioneer in software development and a favourite destination for IT-enabled services, the industry employs workforce of about 10 million, and has become world's largest sourcing destination accounting approximately 67 per cent of the US$ 124-130 billion market. India's cost competitiveness in providing IT services, which is approximately 3-4 times cheaper than the US, continues to be the mainstay of its Unique Selling Proposition (USP) in the global sourcing market. India is currently the world’s second-largest telecommunications market with telephone subscriber base of more than 1 billion. With the forward looking policies of the Government of India and deregulation of foreign direct investment (FDI) norms, the sector has become one of the fastest growing and a top five employment opportunity generator in the country. Contributing to about 3% to India’s GDP, Telecommunications, along with Information Technology, has greatly accelerated the growth of the economic and social sectors and will continue to do so in future. With the Government’s vision of a Digital India, the country has embarked on a focussed journey to bring digital transformation in the lives of all its citizens. The focus of CII’s work is to leverage Information and Communication Technology (ICT) to create a digitally empowered, knowledge-based economy to spur growth opportunities and investments through policy advocacy work and accelerating the adoption of digital technologies.
Over the past decade, India’s information and communication technology industry (ICT) has been among the fastest growing in the world. The Indian IT and ITeS industry is divided into four major segments – IT services, Business Process Management (BPM), software products and engineering services, and hardware. A pioneer in software development and a favourite destination for IT-enabled services, the industry employs workforce of about 10 million, and has become world's largest sourcing destination accounting approximately 67 per cent of the US$ 124-130 billion market. ...