Maharashtra Class 8 Answered

Importance of IT sector in India

• IT sector contributed to India's GDP by 7.7% in the year 2016
• The emergence of Indian information technology sector has brought about sea changes in the Indian job market. The IT sector of India offers a host of opportunities of employment. The IT enabled sector of India absorbs a large number of graduates from general stream in the BPO and KPO firms. All these have solved the unemployment problem of India to a great extent. 
• The industries in Indian information technology sector have established their branches in several European countries. They are thus bringing in invaluable foreign exchange into the country.
• The IT industry is not limited to software development alone. Technology can be applied in libraries, hospitals, banks, shops, prisons, hotels, airports, train stations and many other places through database management systems, or through custom-made software as seen fit.
• The Indian IT industry has contributed to the development and growth of infrastructure in various Indian cities such as Bangalore, Pune, Gurgaon and Hyderabad.