IT industry is growing by leaps & bounds in India and the world over. Information technology has found its application in each and every field, practically there is no field which has not seen the application of IT.
Software exports in 2014-15 are forecast to rise to as much as $99
billion on increased spending by clients like GE and Citigroup says Nasscom. As was widely expected, Nasscom
on Tuesday said software exports in 2014-15 would rise to as much as
$99 billion, from about $86 billion estimated for this fiscal year
ending March. Including the domestic market, the Indian IT industry is currently pegged at $118 billion.
Nasscom said the Indian IT industry would add incremental revenues of
$13-14 billion in 2014-15. Incremental revenue is a measure of market
share growth that has evolved as the new benchmark for the IT sector.
Nasscom had recently also projected that the Indian IT industry would grow to
about $300 billion by 2020, and created different verticals that would
focus on specific areas such as the domestic IT market, software
products and e-commerce. The promising growth in IT sector ensures increased job vacancies in the industry.
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