India – the leading destination for outsourcing IT services - February 2009

The IT industry has played a stellar role in building the ‘brand India’ image in international markets, especially in the US and Europe. Together with the liberalization of the domestic economy, the IT industry’s success has paved the way for the global community’s greater participation across a wide range of Indian industries, particularly the sunshine sectors of banking, financial services and insurance (BFSI), automotive, textiles, infrastructure, real estate, cement and metals (ferrous and non-ferrous). According to the National Association of Software and Service Companies (NASSCOM), the IT industry’s overall contribution to the country’s GDP increased from a mere 1.2% in 1997 to 5.5% in 2007.

If you would like to learn more about PMR’s market reports on India please visit:
- Construction India 2008

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