India's IT Services industry was born in Mumbai in 1967
First software export zone SEEPZ was set up in 1973
Each year India produces roughly 500,000 v engineers in the country
In 2009, India had a total of 37,160,000 t e telephone lines in use, a total of 506,040,000 m mobile phone connections, a total of 81,000,000 I Internet users comprising 7.0% of the country's population.
India: Pacing Ahead to Emerge as a Major Economy in the World 2007 Global Retail Development Index (GRDI) India has been ranked superior to other major countries by many prominent surveys… AT Kearney placed India among the top three in its FDI confidence index… The retail market along with the services sector has been attracting the interest of major players India is expected to outperform its rivals in the BRIC, in terms of GDP growth rates, from 2015 onwards…
The Indian information technology sector continues to be one of the sunshine sectors of the Indian economy showing rapid growth and promise.
According to a report prepared by McKinsey for NASSCOM called 'Perspective 2020: Transform Business, Transform India' the exports component of the Indian industry is expected to reach US$ 175 billion in revenue by 2020.
The domestic component will contribute US$ 50 billion in revenue by 2020.
Together, the export and domestic markets are likely to bring in US$ 225 billion in revenue.