(i) The advancement in information technology has had a profound influence on the country’s economy, and opened up new possibilities of economic and social trans formation. 

(ii) The IT and IT enabled business process outsourcing services continue to be on a robust growth path. Indian software industry has emerged as one of the fastest growing sectors in the economy. 

(iii) The software industry has surpassed electronic hardware production. It provides international quality products. The IT software and services industry account for almost 2% of India’s GDR Indian software companies have acquired international quality certification.

(iv) A majority of the multinational companies operating in the area of information technology have either software development centres or research development centres in India. 

(v) In the hardware development sector, India is yet to make a remarkable achievement. A major impact of this growth has been on employment creation, which is almost doubled every year.