IT AND BPM
FDI in IT Sector in India
India has emerged as the world’s largest BPM destination with the IT-BPM sector having a staggering share of 45% in the total Indian services export. The sector is the largest employer within the private sector, employing 3.9 million people. It is, therefore, not surprising that the government has eased foreign investment policies in order to encourage more FDI in the IT sector in India. The IT sector is transforming the country into a digital economy with the second highest number of internet subscribers in the world.
The National Optical Fibre Network (NOFN) aims to connect all 250,000 Gram Panchayats in the country with high-speed broadband. The country's cost competitiveness in providing IT services and favourable government policies and incentives to facilitate investments in the IT sector continues to be its unique selling proposition in the global sourcing market. FDI in information technology sector in India will directly result in the country’s economic development.