HISTORY OF INDIAN I.T INDUSTRY

The IT revolution started in India in 1980 s and since then it is constantly growing. After USA, Indian is second in producing software. This shows the rapid growth in IT sector in India. The pattern of shareholder, revenue earned and dividend allowed are significant. The growth rate of IT industry in 1995 was 1.1%, which is about 8.7% now. Though the sector is affected by the global slowdown, but the influence on Indian IT sector is least. Indian It sector has revived from recession and now it is in growth phase. The graph shows the pattern of growth in IT Sector.

There are many players in the IT sector of India, which indicates the competitiveness in the industry. Out of these TCS, Infosys, Wipro, HCL, Satyam are the major IT giants of the country. While the IT sector contributes about 30% to the GDP, these companies contribute 80% of that. All these companies are MNCs and listed in NASDAQ

he Indian information technology (IT) industry has played a key role in putting India on the global map. Thanks to the success of the IT industry, India is now a power to reckon with. According to the annual report 2009-10, prepared by the Department of Information Technology (DIT), the IT-BPO industry is expected to garner a revenue aggregate of US$ 73.1 billion in 2009-10 as compared to US$ 69.4 billion in 2008-09, growing at a rate of over 5 per cent. The report predicts that the Indian IT-BPO revenues may reach US$ 225 billion in 2020. According to DIT, the Indian software and services exports is expected to reach US$ 49.7 billion in 2009-10 as compared to US$ 47.1 billion in 2008-09, registering an increase of 5.5 per cent in dollar terms. Further, the IT services exports is estimated to grow from US$ 25.8 billion in 2008-09 to US$ 27.3 billion in 2009-10, showing a growth of 5.8 per cent. Moreover, according to a study by Springboard Research published in February 2010, the Indian information technology (IT) market is expected to grow at around 15.5 per cent in 2010, on the back of growing investor confidence and favorable initiatives taken by the government.