Information Technology Planning in India

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The robust growth of the India IT Industry can be attributed to meticulous Information Technology Planning in India. In fact, the Information Technology Planning in India was so aggressive and accurate that no other Indian industry could rival or better the performance of the Indian Information Technology industry.

The master control of Information Technology Planning in India is in the hands of Department of Information Technology which aims to make the Indian IT industry, a Global IT Super Power by 2008 and bring the benefits of electronics to every walk of life. Further, Information Technology Planning in India is drafted to enhance creation of wealth, employment generation, and IT led economic growth. According to sources, annual revenue projections for Indian IT sector in 2008 are US$ 87 billion and market openings are emerging across 4 broad sectors - IT services, software products, IT enabled services, and e-businesses, thus creating a number of opportunities for Indian companies. All these segments have opportunities in foreign and as well as in domestic markets. With the formation of a new ministry for IT, the Government of India (GOI) has taken major steps towards promoting the Indian IT industry. It has taken steps to promote angel investors, venture creators, and incubation to promote further growth of the IT industry in India.

Information Technology Planning in India has taken major steps to promote -

  • Electronics and hardware manufacturing
  • Increased budget for R&D activities
  • Protection of Intellectual Property Rights related to Information Technology industry
  • Strengthening Indian Cyber law
  • Arrest random use of pirated version of software products
  • Feasibility of software patenting
  • Increase PC penetration
  • Increase utilization of Internet
  • Domestic software market growth consolidation
  • Development of local language softwares
  • Tax holidays
  • Use of Information Technology to increase productivity
  • Use of Information Technology as a means of generating employment
  • Increment of technical work force
  • Increase in number and quality of training facilities
  • Encouraging IT education
Information Technology Planning in India sources estimates -

  • Information Technology services will contribute over 7.5 % of the overall GDP
  • Information Technology product exports will account for 35% of the total exports with potential for 2.2 million jobs in IT by 2008
  • Information Technology industry will attract Foreign Direct Investment (FDI) of U.S. $ 4-5 billion Market capitalization of Information Technology shares will be around U.S. $ 225 billion
The Indian IT sector is a knowledge-based industry and it will help take the Indian economy to a new horizon and further change the scenario of Indian IT industry, fueling India's economic growth.

Last updated on 4/28/2011