IT Revolution

Information Technology
The Indian Information Technology industry accounts for a 5.19% of the country’s GDP and export as of 2009, while providing employment to a significant number of its tertiary sector workforce More than 2.3 million people are employment in the sector either directly or indirectly, making it one of the biggest job creators in India and a mainstay of the national economy.
The other emerging destinations are Chennai, Hyderabad, Mumbai, Pune, NCR, Jaipur and Kolkata. Technically proficient immigrants from India sought jobs in the western world from the 1950s onwards as India’s education system produced more engineers than its industry could absorb. India’s growing stature in the information age enabled it to form close ties with both the United States of America and the European Union. However, the recent global financial crises has deeply impacted the Indian IT companies as well as global companies.
Due to meltdown the IT industry’s pace of growth has dropped significantly many experts believe that it has lost it flair. India’s It Services Industry was born in Mumbai in 1967 with the establishment of Tata Group in partnership with Burroughs. The first software export zone seepz was set up here way back in 1973, the old avatar of the modern day IT park. More than 80 percent of the country’s software exports happened out of seepz, Mumbai in 80s. Each year India produces roughly 500,000 engineers in the country.
India developed a number of outsourcing companies specializing in customer support via Internet or telephone connections. By 2009, India also has a total of 37,160,000 telephone lines in use, a total of 506,040,000 mobile phone connections, a total of 81,000,000 Internet users-comprising 7.0% of the country’s population, and 7,570,000 people in the country have access to broadband Internet- making it the 12th largest country in the world in terms of broadband Internet users.