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The IT industry covers
Hardware & peripherals, networking, training, domestic
and export requirements of IT services & products and
IT enabled services. The IT industries contribution
to the Indian GDP is 5.2% in the year 2007-08.
India's IT industry growth is due to IT software and
services like Custom Application Development and Maintenance
(CADM), System Integration, IT Consulting, Application
Management, Infrastructure Management Services, Software
testing, Service-oriented architecture and Web services.
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According to the global infotech analyst
International Data Corporation, the Indian IT and ITeS
market is estimated to grow at the rate of 16 % to become
a US$ 132 billion industry as well as the domestic market
is expected to become over US$ 50 billion. Simultaneously,
the IT and ITeS exports are estimated to US$ 78.62 billion
in 2012. BPO Sector in India shown growth rate of 14
% in the first half of 2007. Also consumer electronics
and IT hardware industries in India contribute a lot
in increasing revenue.
The Indian IT and ITeS industry had recorded a growth
rate of 22.4 % in 2007 to become a US$ 60.57 billion
industry as compared to US$ 49.47 billion in 2006.
The IT industry is expected to employ
6 million people by 2009. The Indian advantage is the
quality, price, and government support, quality of the
labour pool, English language skills, project management
skills, legal framework and the time difference. India
has an arbitrage advantage of approximately 30-40% as
compared to the US and the Europe.
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