India Industry
The India Industry scene has made an impressive move on during the last few decades. The number of industries in India have increased manifold in the last few years. Though the main occupation has been agriculture for the bulk of the Indian population, it was realized that India would become a prosperous and a modern state with a good industrial base. Therefore different programs were formulated and initiated to build up an adequate infrastructure for rapid industrialization and improve the industry scene in India.

The industry scenario in India saw a rapid increase in the various sectors. But the striking factor was observed in the IT Industry sector. The Indian software industry has grown at a massive rate from a mere US $ 150 million in 1991-92 to a staggering US $ 5.7 billion (including over $4 billion worth of software exports) in 1999-2000. No other Indian industry has performed this well against the global competition. The IT sector has helped the India Industry to develop in leaps and bounds.

Today, India exports software and services to nearly 95 countries around the globe. The share of North America (U.S. & Canada) in India’s software exports is about 61 per cent. In 1999-2000, more than a third of Fortune 500 companies outsourced their software requirements to India.

A special mention has to be made about he BPO Industry. The BPO industry has helped in increasing the national income of India thereby improving the India industry scenario and the Indian economy.