Revolution caused by IT in India
Impact of IT Industry on India The IT industry's impact on India is profound. It is a positive contributor to India's revenue growth, talent capability, diversity in workforce, and its digital infrastructure. Growth in exports. In terms of revenue and foreign exchange, this sector has transformed India's finances, and is effectively financing a large share of imports. The sector is currently the largest forex earner from exports and accounts for over 25% of the country's total exports. The sector is already contributing over 7.9% to India's GDP. Capability development and employment creation. No other industry segment has generated as many jobs for the middle class. The sector directly employs over four million people and indirectly supports an additional 12 million jobs. The industry was also a major trigger for the government to push for an increase in output of engineering colleges to over 700,000 graduates a year. Companies have also set up processes to hire, tr...