Research Scholar, Department of Economics, Andhra University, Visakhapatnam, Andhra Pradesh, India
Online published on 24 January, 2015.
The origin and production of Information Technology (IT) industry has been widely studied. The present study based on secondary sources Information Technology (IT) is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a micro-electronics-based combination of computing and telecommunications. It also examined the trends in revenue of IT industry, IT production and composition of IT Production. The revenue contribution of this industry in country's GDP accounted for 7.5 per cent and in total exports 25.18 per cent in 2011–12. The export market, dominates the IT industry accounting for 65% of the revenue. The annual growth of IT production ranged between 10.09 per cent in 2009–10 to 30.23 per cent in 2006–07. Software products are among the most highly exported products from India. It has been observed that the IT sector is not only contributes significantly to export earnings and GDP but also emerges as a major source of employment generation in the country.
Information Technology (IT), GDP, Production, Hardware and Software
