Overview of Information Technology Sector

The sector provides employment to a large share of Indian population. As of 2018, 31.45 per cent of India’s employed population was working in the services sector.

  • India is ranked as the eighth largest exporter of commercial services globally in 2017.
  • Services sector is the largest recipient of FDI in India with inflows of US$ 76.94 billion between April 2000 and June 2019.

Initiatives to Boost Information Technology Sector

  • National Policy on Software Products 2019: The Cabinet approved a national policy on software products that aims to position India as a hub for software products development and creating 65 lakh jobs by ....
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Indian Economy