Performance of the Information Technology Industry in the world economy

Abstract

The rapid growth of the Indian Information Technology Industry over the last decade was not simply a product of ‘begin neglect’ following the dismantling of centralized planning in India. Rather, it is rooted in government intervention during earlier years that favored domestic  industries over foreign companies.1 Indian Information Technology (IT) industry has tremendous potential to become an engine of growth and  productivity improvement for all sectors of the economy and for the country. Information Technology (IT) is also a means of efficient governance. It enhances access to information, protects consumers, provides access to government services, makes skill formation and training more effective, improves delivery health services, and promotes transparency. This paper is an attempt to provide an overview of Indian IT today. To assume a familiarity with the various Category/Segments of IT  Industry and its contribution to the Nation’s GDP. However, it also provides an insight into general structure and performance of the IT Industry in India. The remainder of the paper outlines the Growth of Indian IT Industry and Expected Industry Size, and Scenario of Global Growth Rates and Expected Industry Size.