The BT 50 index
No stopping India’s IT industry
India’s IT industry, and more specifi cally its IT services industry, is expected to continue to grow at a faster clip relative to others, notwithstanding the prospects of a tougher economic climate worldwide, according to global research and analytics fi rm Evalueserve.
Over the next 7-8 years, India’s IT industry is expected to close the gap with its US counterpart: from being one-fi fteenth of the US IT industry, which has revenues of $452 billion, in 2006-07, it is expected to be one-fi fth in size by 2016. India is also likely to develop the second-largest IT services labour pool after the US, over the same period.