IT SERVICES IT Services involves a full range of engagement types that take on consulting, systems integration, IT outsourcing/managed run/hosting services, training and support/maintenance. * IT services (excluding BPO, Engineering Services, R&D and Software products), contributing to 57 per cent of the congeries software and services exportings, remains the dominant segment and is estimated at USD 26.9 billion, a growth of nearly 16.5 per cent in FY2009. * interior(prenominal) IT services spends grew at everywhere 43 per cent in FY2008, showing strong signs of increasing sophistication as twist enterprise IT infrastructures and applications, networking and communication became key priorities for India Inc. IT-BPO SECTOR-OVERVIEW * Total IT-BPO manufacture to authorise USD 71.7 billion accounting for 5.8% of Indias GDP; software and services revenues aggregated to about USD 60 billion * Software and Services export revenues estimated to grow everywhere 16-17% to reach USD 47 billion * Direct custom expected to reach nearly 2.23 million, an addition of 226,000 employees, while verificatory job creation estimated at ~8 million * Indias entire advantagesâ"abundant talent and costâ"are sustainable over the long term. With a young demographic profile and over 3.

5 million graduates and postgraduates that are added annually to the talent base, no former(a) country offers a similar mix and scale of adult male resources * Seven Indian cities account for 95 per cent of export revenues, focus on developing 43 new locations to come in as IT-BPO hubs * Higher growth in European/ Asiatic market Implications from last budget The last years budget fit(p) the IT Industry in a state of mixed reactions, intimately of them are delighted by the abolition of FBT, and are enormously satisfied. According to Som Mittal, President, NASSCOM, The decision to extend fiscal benefits available to the industry under section 10A/10B for one year will cooperate the industry mitigate the impact of the... If you want to get a full essay, order it on our website:
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