What is the current situation of IT industry in India?
What is the current situation of IT industry in India?
The domestic revenue of the IT industry is estimated at US$ 45 billion and export revenue is estimated at US$ 150 billion in FY21. According to Gartner estimates, IT spending in India is estimated to reach US$ 93 billion in 2021 (7.3\% YoY growth) and further increase to US$ 98.5 billion in 2022.
What is the future of industries in India?
The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025. The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 2.5 trillion along with a population of 1.32 billion people, which will be a big draw for investors.
IS IT sector booming in India?
According to the monthly report for June from Naukri JobSpeak, which provides an index of hiring trends across India’s cities, industries, functional areas and experience levels, hiring demand from the IT (information technology)-software/software-services sector was a whopping 163 percent higher than 12 months earlier …
WILL IT sector grow?
The rate of growth in the IT sector for 2019-20 is approximately ten percent. The revenue is further expected to grow in the coming years with an accelerating growth rate and expected to reach 350 billion US dollars by 2025.
Which is the best company in India?
Another company among the top best companies in India is SAP Labs India. Founded in 1998 , this IT company has made a name for itself not only for its services, but also for the work culture provided to the employees. It has an employee strength of 6489, with gender diversity ratio at 1:1.93.
What are the agricultural products of India?
India is the second largest producer of wheat and rice, the world’s major food staples. India is currently the world’s second or third largest producer of several dry fruits, agriculture-based textile raw materials, roots and tuber crops, pulses, farmed fish, eggs, coconut, sugarcane and numerous vegetables.
What is the industry of India?
India is known for its outsourcing capabilities and many Multi-National Corporations have facilities throughout the country. Major industries include textiles, chemicals, food processing, steel, transport equipment, cement, mining, petroleum , machinery, software.