What Next for the Indian It Industry?

Abstract

Information Technology (IT) industry in India has grown over the years. This sector has increased its contribution to India's GDP from 1.2 percent in 1998 to 7.5 percent in 2012. According to National Association of Software and Service Companies (NASSCOM} (2015) the sector aggregated revenues of US$147 billion in 2015, with export revenue standing at US$99 billion and domestic revenue at US$48 billion, growing by over 13 percent. The fortunes may take a dip as global protectionist policies are in vogue today. New policies of USA, Brexit and strengthening rupee, are bound to have an adverse impact on the predominantly export oriented IT industry. This paper examines the way ahead for IT industry in these challenging times.