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Information Technology

India has been rightly hailed as the IT hot spot of the world. Thanks to the rapid strides made by the IT and ITeS (IT-enabled Services) sectors in the last decade! Our huge, skilled workforce, coupled with lower costs and greater turnover, has made India the preferred destination of IT services for the developed nations of the world.

In the last five years, we have seen unusual growth in the Indian IT Industry, with a record C.A.G.R (Compounded Annual Growth Rate) of more than 40.5%. Incidentally, this is almost twice the growth rate of the IT industry in most of the developed countries of the world!

The growth in IT is not just confined to large organizations, but has percolated to even smaller players in this field. With this the Telecom sector too has seen massive growth rate in telecom spending at about 19.5% annually.


National Association of Software and Service Companies (Nasscom) report points out the high growth areas in the IT sector with a special thrust on IT services in the areas of:

  • Government administrations,
  • Insurance,
  • Banks,
  • Energy,
  • Financial Institutions,
  • Defense,
  • Public Tax System,
  • Ports,
  • Customs,
  • Telecom,
  • Education and
  • Small Office
  • Home Office / Individuals, etc.the list is practically endless as IT affects all sectors in some or the other way.

Large sectors with slow IT penetration rate such as textile industry and healthcare are being encouraged by the government and the private sector to adopt IT. ERP implementations and systems integration continue to be at the forefront of IT growth in India.

The year that has just ended has indeed seen widespread growth, encompassing both the big and the small players which in turn has seen some frenzied hiring in this sector.


In case you are planning to make it big in the IT sector, contact our consultants.