what is the importance of it sector in indian economy? explain.

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Solution

The importance of the IT sector is the following:

a.Information technology is an emerging industry.This industry today has become indispensable part of the Global world that keeps us connected.
b. They provide high data communication facility to software experts.
c. IT sector has generated employment on a large scale.
d. It has been a major source of employment for women.
e. IT sector has contributed in the inflow of foreign exchange because of growth of BPO's.
f. It has contributed in the overall growth and development of the country. Pune, Bangalore, Hyderabad have emerged as IT hubs.

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