One of the major factor that helped India to make its mark on the world is the IT industrial sector.

The contribution made by the IT industry in the country's GDP has led to a growth of the Indian

economy.

India's IT industry is considered as a hub of innovators providing world class technology solutions

across the world. Many international organizations have set up their offices in India like Google,

Accenture. The IT sector has helped in changing Indian economy from an agro based economy to a

knowledge driven economy.

IT sector has helped the domestic economy to integrate with the world economy. It has made

significant impact on the lives of the people of or country. It has also helped people settled in far

flung geographical areas to connect with the rest of the world. It has given birth to e-governance

practices; as a result people have an easy access to e-health, e-education, e-ticketing etc. and to

the various other governmental services.

Today almost everything is done online be it shopping, ticketing, filing Income Tax returns etc. The

year 2015 was full of challenges and uncertainties but the IT sector managed to achieve double digit

growth rate and amounted to 9.5 % of the GDP in the fiscal year 2015-2016.

 

Author:
Anshul Srivastava
UBS chandigarh

adminIT-Vulnerability
One of the major factor that helped India to make its mark on the world is the IT industrial sector. The contribution made by the IT industry in the country's GDP has led to a growth of the Indian economy. India's IT industry is considered as a hub of innovators providing world class...