Studies conducted by McKinsey show a remarkable growth in India's IT businesses and confirm the emergence of India as among the world leaders in IT & IT Enabled Services. Forecasts for 2008 show
- India's IT business revenue - US $ 87 Billion.
- IT contribution to India's GDP - 7.5%
- IT contribution to India's exports - 35%
- IT contribution to India's new Jobs - 2 million.
- Foreign direct investment in India's IT businesses - US $ 4 Billion
- Market Cap of IT companies in India - US $ 225 Billion
Reportedly, for every direct job in the IT industry, at least 5 additional IT-related
jobs are created in businesses that use IT hardware and software. Also,
if employment opportunities for Indian IT professionals through friendly
immigration policies in USA, EU, Australia, Japan etc are taken into account
the total demand for IT and IT related professionals may turn out to be
nearer to NASSCOM's figure of 3,000,000.
