Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 10 Answered

Why software technology industry is important for the development of country?
Asked by subbarao.chaitanya | 04 Mar, 2015, 06:01: PM
answered-by-expert Expert Answer

Hello Subbarao,

Indians have become leaders as well as contributors to, the information technology (IT) revolution in the United States, reinforcing the impression that India is world class in IT. There is a faster growth of software exports and the domestic software revenue still represents about 30% of software industry gross receipts.

The National Association of Software and Services Companies (NASSCOM) projects domestic sales to grow substantially faster than export sales in the next decade, enough to make domestic sales over 50% of the industry’s sales, and this seems to borne out by recent growth in domestic software.

In the domestic market, products and packages make up almost half of revenues, with projects accounting for over a quarter, while professional services, support and maintenance, IT enabled services and training each make up less than 10%.  hence the software industry plays an important role for the development of an economy.

Answered by | 04 Mar, 2015, 06:04: PM
CBSE 10 - Social Studies
Asked by meghnadoffical.in | 21 Mar, 2024, 09:35: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by ayaanbachnesabgari | 19 Mar, 2024, 06:23: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by saivarshith250 | 10 Mar, 2024, 09:42: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by kamilgindwandammi | 10 Mar, 2024, 04:50: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by tarunjajoriya9891 | 06 Mar, 2024, 09:11: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by akashkasana785 | 05 Mar, 2024, 11:21: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by afiyamallick12 | 15 Feb, 2024, 03:37: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by enakshi243 | 03 Feb, 2024, 06:53: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by 782akshatrawat | 30 Jan, 2024, 12:09: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 10 - Social Studies
Asked by navinjha1884 | 18 Jan, 2024, 06:59: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
Get Latest Study Material for Academic year 24-25 Click here
×