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Describe IT sector highlighting its significance, role in development and scope in future |
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Answer» tion:The Information Technology & Information Technology Enabled Services (IT-ITeS) sector is a field which is undergoing rapid evolution and is CHANGING the shape of Indian business standards. This sector includes software development, consultancies, software management, online services and business process outsourcing (BPO).According to an article in the Times of India, India's liberalization was possible due to its IT industry. In the 1990s, the industry started off with an export of nearly $100 million with around 5,000 EMPLOYEES. Now it is an industry that thrives globally and India's IT exports are now around $70 billion with 2.8 million employees working in this sector. The article states that the IT sector is one of the top two industries in the country today.India's IT industry is expected to grow at a rate of 12 - 14% during 2016 - 2017 as per a report by India's software industry body National Association of Software and Services Companies (NASSCOM.) This clearly shows that information technology is a sector which will likely be one of the emerging markets in the days to come as India's economy requires more hardware, software and other IT services. In a NASSCOM-McKinsey report, India's POSITION in the global offshore IT industry is based on five factors - abundant TALENT, creation of urban infrastructure, operational excellence, conducive business environment and finally, continued growth in the DOMESTIC IT sector.mark it as brainliest answer |
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