THE ROLE OF INFORMATION TECHNOLOGY INDUSTRY  IN INDIAâ€™S GDP

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Dr. G. V. Vijayasri

THE ROLE OF INFORMATION TECHNOLOGY INDUSTRY IN INDIAâ€™S GDP

Authors: Dr. G. V. Vijayasri

Unique Paper ID: 161208
Volume: 10
Issue: 2
PageNo: 935-943

Keywords: Information Technology (IT) Electronic Hardware Computer Software and Services Exports Production GDP.

Abstract:
The Indian Information Technology (IT) sector share in Indiaâ€™s GDP has been widely studied. The present study based on secondary sources. IT is the attainment, processing, storage and distribution of vocal, pictorial, textual and numerical information by a micro-electronics-based combination of computing and telecommunications. It also examined the trends in Indian IT Production and Exports, composition of IT Exports and share in Indiaâ€™s GDP. The revenue contribution of production in countryâ€™s GDP accounted for 14.21 per cent in 2020-21 and contribution of exports 8.61 per cent in 2020-21. The export market, dominates the IT industry accounting for 65% of the revenue. Software products are among the most highly exported products from India. The share of Electronic Hardware exports percent in GDP increased from 0.49 per cent in 2011-12 to 0.58 per cent in 2020-21. It has been observed that the IT sector is not only contributes considerably to export earnings and GDP but also emerges as a major source of employment generation in the country.

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ISSN: 2349-6002
Volume: 10
Issue: 2
PageNo: 935-943

THE ROLE OF INFORMATION TECHNOLOGY INDUSTRY IN INDIAâ€™S GDP

Available:https://ijirt.org/article?manuscript=161208

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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