IT & ITeS
The robust growth of India Inc. can be attributed to the meteoritic success of 'India IT Industry'. In fact no other Indian industry has performed so well against the global market. The master control of 'Indian IT Industry' is in the hands of Department of Information Technology (DOT) which aims to make 'India IT Industry', a Global IT Super Power by 2008 - a front-runner and bring the benefits of electronics to every walk of life. Further, it is focused on Creation of Wealth, Employment Generation and IT led Economic Growth. According to sources, annual revenue projections for ' India IT Industry ' in 2008 are US $ 87 billion and market openings are emerging across four broad sectors, IT services, software products, IT enabled services, and e-businesses thus creating a number of opportunities for Indian companies. All of these segments have opportunities in foreign and as well as in domestic markets. Sources estimates -
IT services will contribute over 7.5 % of the overall GDP.
IT Exports will account for 35% of the total exports with potential for 2.2 million jobs in IT by 2008.
IT industry will attract Foreign Direct Investment (FDI) of U.S. $4-5 billion.
Market capitalization of IT shares will be around U.S. $225 billion.
Database design and development
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