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Question

Consider the following major components of the ITES industry:
1. IT Services
2. Business Process Outsourcing (BPO)
3. Engineering Services and R and D
4. Software Products
Which of the statements given above are the major components of the ITES, Industry in India?

A
1,2,3 and 4
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B
1,2 and 3
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C
2,3 and 4
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D
1 and 2
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Solution

The correct option is A 1,2,3 and 4
ITES industry is divided into the following components - IT services, business process outsourcing (BPO), software products and engineering services R&D. Its market reached a total of $1.2 billion in 2016-17. India is the world's hottest exporting destination of ITES, and forms 55% of the world share.

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