Over the past decade, the Information Technology (IT) industry has become one of the fastest growing industries in India, propelled by exports (the industry accounted for more than a quarter of India’s services exports). The key segments that have contributed significantly (96 percent of total) to the industry’s exports include – Software and services (IT services) and IT enabled services (ITES) i.e. business services. Over a period of time, India has established itself as a preferred global sourcing base in these segments and they are expected to continue to fuel growth in the future.

The Indian IT and ITES industry remains on a growth path, emerging as one of the key investment markets in the country. The key enabler for this has been lower bandwidth cost leading to low Telecom costs for leased lines and availability of educated English speaking workforce in India.