(Kewal Institute Of Technical & Vocational Industrial Training)

केवल तकनीकी एवं औद्योगिक व्यवसायिक प्रशिक्षण संस्थान

(An Autonomous Institution Incorporated under the Legislation of Govt. of India for Vocational Training, Register under the department of Labour & Employment Govt. of H.P., Register Under the company act.1956, Ministry of Corporate Affair Govt. of India, UAM register under the Ministry of Micro-Small & Medium Enterprises Govt. of India.)
IT Industry

Information Technology

India is the world's largest sourcing destination, accounting for approximately 55 per cent of the US$ 173-178 billion market in 2016-17. The country's cost competitiveness in providing Information Technology (IT) services, which is approximately 3-4 times cheaper than the US, continues to be its Unique Selling Proposition (USP) in the global sourcing market.
The sector ranks 3rd in India’s total Foreign Direct Investment (FDI) share and has received US$ 27.72 billion of FDI inflows between April 2000 and September 2017. India’s highly qualified talent pool of technical graduates is one of the largest in the world and is available at a cost saving of 60-70 per cent to source countries. This large pool of qualified skilled workforce has enabled Indian IT companies to help clients save US$ 200 billion in the last five years.
Revenue of India’s IT industry reached US$ 154 billion and exports stood at US$ 117 billion in 2016-17. The Business Process Management (BPM) segment accounted for 22.22 per cent of the total IT exports during FY17. India’s IT-BPM sector is expected to expand to US$ 350 billion by 2025 and BPM is expected to account for US$ 50-55 billion out of the total revenue. The Government of India has extended tax holidays to the IT sector for software technology parks of India (STPI) and Special Economic Zones (SEZs). Further, the country is providing procedural ease and single window clearance for setting up facilities.
The IT industry has also created significant demand in the Indian education sector, especially for engineering and computer science. The Indian IT and ITeS industry is divided into four major segments – IT services, Business Process Management (BPM), software products and engineering services, and hardware.
India has come out on top with the highest proportion of digital talent in the country at 76 per cent compared to the global average of 56 per cent.

Market Size

The internet industry in India is likely to double to reach US$ 250 billion by 2020, growing to 7.5 per cent of gross domestic product (GDP). The number of internet users in India is expected to reach 730 million by 2020, supported by fast adoption of digital technology, according to a report by National Association of Software and Services Companies (NASSCOM).
Indian IT and BPM industry is expected to grow to US$ 350 billion by 2025 and BPM is expected to account for US$ 50-55 billion out of the total revenue.
E commerce market in India is set to grow at 30 per cent annually to hit US$ 200 billion gross merchandise value by @2025.
Indian technology companies expect India's digital economy to have the potential to reach US$ 4 trillion by 2022, as against the Government of India's estimate of US$ 1 trillion.
Employees from 12 Indian start-ups, such as Flipkart, Snapdeal, Makemytrip, Naukri, Ola, and others, have gone on to form 700 start-ups on their own, thus expanding the Indian start-up ecosystem.! India ranks third among global start-up ecosystems with more than 4,200 start-ups#.
The public cloud services market in India is slated to grow 35.9 per cent to reach US$ 1.3 billion according to IT consultancy, Gartner. Increased penetration of internet (including in rural areas) and rapid emergence of e-commerce are the main drivers for continued growth of data centre co-location and hosting market in India.

Government Initiatives

Some of the major initiatives taken by the government to promote IT and ITeS sector in India are as follows :

  • The Government of India is going to explore new opportunities in various sectors such as providing BPO service from home, digital healthcare and agriculture to achieve the target of making India a US$ 1 trillion digital economy.
  • The Government of Andhra Pradesh is targeting to attract investments worth US$ 2 billion and create 100,000 jobs in the information technology (IT) sector in the state, stated Mr N Chandrababu Naidu, Chief Minister, Andhra Pradesh.
  • The Government of Telangana is targeting to provide broadband connection to every household in the state by 2018, which is expected to lead to revolutionary changes in the education and health sectors.
  • Mr Manoj Sinha, Minister of Communications, Government of India, launched project DARPAN - digital advancement of rural post office for a new India, for improving the quality and adding value to services and achieving financial inclusion for the unbanked rural population.
  • Mr Ram Nath Kovind, President of India, has dedicated four projects, such as Andhra Pradesh Fibregrid, Andhra Pradesh Surveillance Project, Drone Project and Free Space Optical Communication (FSOC) to the people of Andhra Pradesh.
  • The Government of India is planning to set wifi facility for around 5.5 lakh villages by March 2019 with an estimated investment of Rs 3,700 crore (US$ 555 million) and the government expects to start broadband services with about 1,000 megabit per second (1 gbps) across 1 lakh gram panchayats by the end of this year.

Career Opportunities in I.T. Industry
IT Industry

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