Information Technology is the industry that has given a face to India on global level. Today, the country has developed great relationship with various other western countries on the basis of its remarkable IT services. It is certainly a fact of pride that India is known for outsourcing IT services and software to more than 95 countries in the world. With the power of information technology, the country has not only remarkably gained in its reputation and recognition in the world but also has improved its overall economy. Naturally, this promises a long and prosperous future of Information technology in India.
Statistically viewing the economic growth
In India, information technology has played an incredible role. It has brilliantly driven and still pushing the country’s economy onto the rapid growth curve. Many researches and studies on the Indian economy have again and again proved its significance impact. One of such truly eye-opening researches, Nasscom-Deloitte study stated that the IT industry’s contribution to the nation’s GDP has augmented to a share of 5.2 per cent in 2007, as compared to 1.2 per cent in1998.
By the end of fiscal year 2008, statistically, it is the massive industry of information technology IT that along with BPO industries have generated revenues worth US$ 64 billion. The growth was exponentially more in value as compared to export market and domestic market. However, out of all the most surprising fact is that the IT services market in India is estimated to stay the fastest developing in the entire Asia Pacific region with a stunning CAGR of 18.6 per cent. Hence, it is easy to believe that the future of Information technology in India is going to be quite rewarding.
The Future of information technology in India in terms of employment
If one is naming countries that have IT as one their most important employment sectors, then you cannot miss India.The IT industry in India has massive scope for natives as it offers jobs to both technical and non-technical graduates and also bears the potential to breed huge foreign exchange influx. Globally, India’s IT growth is mainly subjugated by IT software and services including system integration, bespoken application development and maintenance, application management, software testing , IT consulting, infrastructure management services, complete web solutions and services and service-oriented architecture. India specializes in all these competent and highly demanding IT services and solutions and delivers them at affordable prices. The high rate of IT outsourcing services ensures the spectacular future of information technology in India.
Information Technology Colleges and Institutes
It is natural to witness the magnanimous growth of IT colleges and universities in India, when such a great percentage of population is earning their bread and butter with this industry. Not it is a great renders a great profession but also offers people with the security of never falling out their job prospects because IT companies are coming up like mushrooms in India and other countries as well. Today, India would easily beat any other nation in the count of IT colleges and institutions. It seems like that the populace is all set to welcome the future of information technology in India and gain through it massively.