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CHAPTER 1 INTRODUCTION
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1.1 INDUSTRY PROFILE
The information technology (IT) industry has become one of the most robust industries in the world. IT, more than any other industry or economic facet, has an increased productivity, particularly in the developed world, and therefore is a key driver of global economic growth. Economies of scale and insatiable demand from both consumers and enterprises characterie this rapidly growing sector. The Information Technology !ssociation !ssociation of !merica (IT!!) e"plains the #information technology$ as encompassing all possible aspects of information systems based on computers. %oth software development and the hardware involved in the IT industry include everything from computer systems, to the design, implementation, study and development of IT and management systems. &wing to its easy accessibility and the wide range of IT products available, the demand for IT services has increased substantially over the years. The IT sector has emerged as a ma'or global source of both growth and employment.
India's IT Industry Information Technology is one of the most important industries in the Indian economy. The IT industry industry of India has registered registered huge growth in recent years. years. Indias Indias IT industry industry grew from 1* million + -ollars in 1*/11 to a whopping * billion + -ollars in 0**/0**2. In the last ten years the Information Technology industry in India has grown at an average annual rate of 3*4. The liberaliation of the Indian economy in the early nineties has played a ma'or role in the growth of the IT industry of India. -eregulation policies adopted by the 5overnment of India have led to substantial domestic investment and inflow of foreign capital to this industry. In 12*, high import duties had forced I%6 to leave India. 7owever, after the early nineties, many multinational IT companies, including I%6, have set up their operations in India. Som o! t" ma#or rasons !or t" si$ni!i%ant $ro&t" o! t" IT industry o! India ar
!bundant availability of skilled manpower 8educed telecommunication and internet costs 8educed import duties on software and hardware products
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9ost advantages Encouraging govt. policies Som o! t" ma#or %om(anis in t" IT industry o! India ar )