IT sector is the growth engine for the Indian economy today. It has played an instrumental role in providing urban employment and empowering the youth of the nation.
This industry is linked to almost every other industry since IT services (software and hardware) are basic requirements for almost every business operation.
Nasscom has estimated that the IT services sector in India would grow by 13-14 per cent in 2013-14 and is expected to reach US$ 225 billion by 2020.
While the IT industry empowers businesses to automate processes and eliminates the need for excessive manpower, it also generates a large no. of employment opportunities within the IT sector itself.
With the growth of devices such as iPad, Tablets, Smartphones that enable people to stay connected on the move, the significance of the online industry has risen to a high level and accelerated the need for competent software and hardware professionals in this domain.
E-commerce (Online Shopping) and use of web applications to automate business processes has attracted people tremendously in the last few years. This has opened avenues for small scale start-ups and increased the demand for IT professionals across all domains. Every organization, irrespective of the magnitude of its operations, requires an IT department to be setup and managed by IT professionals.
Some of the prominent and fast emerging areas under IT domain are managed services, software development, cyber law, telecom networks, security services, data storage, business intelligence and consultation services.
The IT sector is one of the most dynamic sectors and it plays a very important role in shaping the future of the nation as well as the world. India is considered a preferred and reliable partner for outsourcing ofIT solutions and this enhances the potential of this industry.
- India's share in global IT domain is 7%
- Indian IT and BPO sector is expecting a growth of 12 - 14 % in 2014
- Indian IT industry is attracting investments from foreign countries
- Govt of India is planning to establish 15 laboratories under PPP for software and hardware testing