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The Indian IT industry has been rapidly evolving; an industry that barely existed until the 1990s has seen a phenomenon performance in the last two decades.
The next big leap relating to growth in the Indian IT-BPO sector, both International and domestic, will be achievable by addressing the employability factor of fresh graduates, attainable primarily by bridging the supply-demand skills gap that exists with reference to services and subsequently to - innovation of process, products and the intellectual property ownership of the same
The industry has registered a great y-o-y growth in the past few years, and the growth is on track to achieve the targets for 2011. As we move ahead, trends indicate that the industry is firmly poised for broad-based growth across industries and service lines.
The industry is estimated to aggregate revenues of USD 73.1 billion in FY 2011, with the IT software and services industry accounting for USD 63.7 billion of revenues.During this period direct employment is expected to reach nearly 2.3 million, and addition of 90000 employees, while indirect job creation is estimated at 8.2 million. As a proportion of national GDP the sector revenues has grown to an estimated 6.1% in FY2011.
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