The performance of Indian IT exports

The Indian Information Technology (IT) Exports has been widely studied. The present study based on secondary sources. 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 Indian IT Exports, composition of IT Exports and proportion of IT exports in total 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. Software products are among the most highly exported products from India. The IT exports increased from 7.39 per cent in 1997–98 to an impressive 25.11 per cent in 2005–06 and farther to 31.68 per cent in 2009–10. 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.