IT refers to managing technology processes, software, information systems, hardware, programming languages, and data. IT is important in the modern world as it helps with assignments, projects, and creates awareness through online education. The IT industry in India provides employment, generates foreign exchange, and benefits other countries through offshoring and increased employee commitment. IT increases productivity and income but also widens earnings gaps and impacts workplaces, labor markets, agriculture, education, private life, society, and governments. India's IT industry is growing through BPOs and government initiatives, but also presents disadvantages like unemployment, lack of privacy and job security. Recent IT developments include expansion projects in Bangalore, Chennai, and Hyderabad.

1. Introduction IT is the area of managing technology and spans wide variety of areas that include but are not limited to things such as processes, computer software , information systems , computer hardware , programming languages , and data constructs

2. IMPORTANCE OF IT IN THE MODERN WORLD It is more advanced and practical Helps in preparing assignments and projects It is a philosophy Creates awareness Online tuition teaching

3. Scope of IT Industry in India Provides employment Generates foreign exchange Beneficial to other countries Results in more off shoring Increases employees job commitment Financial assistance and Government Support

4. Functions Significance Cost Effectiveness Benefits within Businesses Job Creation Impact of IT on business

5. Increased productivity and improved income Effects on wages Benefits highly-educated workers Widens the earnings gap Impact of IT on Workplace and Labor Market

6. Impact of IT on Agriculture Provides an opportunity to compete with the developed nations Provides fast and relevant information Introduction of new technologies and methodologies

7. Changes to learning Changes to teaching Information Technology and the potential of education Changing the educational institution Impact of IT on Education

8. Meet more friends Improved communication using email, social networking Quicker communication Less face to face communication More chance of bullying. Cyber stalking Impact of IT on Private Life and Society

9. The impact of IT on the Government Governments are not leaders in technology Security breaches Transparency Life saver Can bridge the gap between government employees and their citizens

10. The Growth Story India is said to be a preferred destination Growth of BPO Offering positive business outlook for IT, ITeS and telecom India's top technology firms plans for a bigger share

11. Government Initiatives Constitution of the Technical Advisory Group for Unique Projects Setting up the National Taskforce Enactment of the Information Technology Act Setting up of Software Technology Parks of India Plans to formulate Information Technology Investment Regions

12. Advantages of IT Globalization Communication Cost effectiveness Bridging the cultural gap More time Creation of new jobs

13. Disadvantages of IT Unemployment Privacy Lack of job security Dominant culture

14. Recent developments

15. Infosys Media Centre in Electronic City, Bangalore

16. Tidel Park in chennai

17. Microsoft India hyderabad

18. Patni Knowledge Park Airoli