Total revenues in India’s IT industry touched US$ 70.5 billion in 2008–09 as compared to US$ 64 billion in 2007–08, growing at more than 12 per cent. The Indian IT & ITeS industry is primarily concentrated in seven clusters—Bengaluru, NCR-Delhi, Hyderabad, Chennai, Pune, Mumbai and Kolkata. Every year, 675,000 technical graduates qualify in the country, of which 400,000 are engineers. It is estimated that the overall size of the domestic market grew by 20 per cent in 2008–09 to reach US$ 24.3 billion by 2010. India is poised to become the hub for Engineering Process Outsourcing (EPO), with its market size estimated to touch US$ 30 billion annually by 2015, attracting 25 per cent of the US$ 70 billion global EPO industry.
The contribution of IT industry to India’s gross domestic product (GDP) has grown from 1.2 per cent in 1997–2008 to an estimated 5.8 per cent in 2008–09. Total revenues in India’s IT industry touched US$ 70.5 billion in 2008–09 as compared to US$ 64 billion in 2007–08, growing at more than 12 per cent. The Indian IT industry has been growing at a compound annual growth rate (CAGR) of 27 per cent from 2003 to 2008. India’s software and services exports, including its ITeS-BPO exports, touched US$ 47.3 billion in 2008–09, as compared to US$ 40.4 billion in 2007–08, an increase of 14.3 per cent.
IT services form the largest segment of India’s worldwide spend on technology products and related services. Global vendors such as Accenture, HP, EDS, IBM and Cap Gemini are looking at India to expand their offshore delivery capability through the organic and/or inorganic routes. Microsoft, Tata Consultancy Services, Wipro Technologies Ltd and Infosys Technologies Ltd are major players in the IT and ITES segments.Sectoral Presentation (April 2010)
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