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India’s gross domestic income has grown significantly from 1.2% in 1999-2000 to 4.8% in 2006. In 2007 it raised above the 5%. The sector has been growing at an annual rate of 28% each year since 2001.
Indian IT companies established a globally superiority because of low costs, there is plenty of skilled manpower and the quality of services. Global giants like Oracle, SAP, Lenovo and of course IBM and Microsoft established themselves in the centre of India. These companies sees the advantages of India because of the fact that it is the fastest growing IT markets in the world.
Some highlights of the sector in 2006:
• Software and services exports have grown by 32% in dollar terms...
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