With over 3.7 million direct jobs, the IT sector is the largest private sector employer in India. There are close to 16,000 IT firms in India. Further, there is an increasing number of start-ups popping up. This is because the Indian market offers cost-effectiveness, high quality, great reliability, quick deliveries and the use of state-of-the-art technologies in the IT Industry. India is a preferred IT destination for many companies. In fact, various international organizations have set up their offices in India. This has led to a great increase in Foreign Direct Investments in India. Moreover, between 2000 and 2016, the IT sector ranked 4th in total FDI inflow in the country.
With approximately 67% of the global market, India is the world’s largest sourcing destination for the IT Industry. More importantly, the industry has led to the economic transformation of the country. Further, it has helped India to make its mark on the global economic map.