Index : 1,298 | 1Yr : +19.22% | 1Mo : -0.03%
Category : Sectoral Trackers
Min Investment : 36,835
India is the largest offshoring destination for information technology across the world. The Indian IT industry is dominated by large players who offer end-to-end solutions. These companies, handhold clients to enable business success in the digital era. According to the National Association of Software & Services Companies (NASSCOM), it is expected to reach revenues of USD 300 Billion by 2020. The value proposition of Indian IT Industry is unique to the world: The costs are optimum, abundance of skilled talent, quality infrastructure, a mature ecosystem and effective collaborations.
With the emergence of the major IT companies that have witnessed unparalleled growth, India has become a hub for digital skills and solutions. IT services account for more than 6% of India's overall GDP and generates among the highest employment in the organized sectors of the economy. They are heavily reliant on Export income from USA, UK and Europe which constitute in excess of 65% of total revenues. Domestic revenues have picked up in the recent years and are expected to increase steadily in the future.