Chapter Sixteen
IT Industry: An Overview and Ethical Perspective*
INTRODUCTION
The opening up of Indian economy in 1991 coincided with the information technology (IT) revolution that was sweeping all over the world. This lucky coincidence catapulted India into the league of IT super powers. Indian software houses utilized the opportunities available in global market to the hilt with a rousing start. Indian IT and IT-enabled services (ITES) industry charted a phenomenal double-digit growth of over 28 per cent since the financial year 19992000. Its contribution to the national GDP has risen from 1.9 per cent in financial year 19992000 to 5.4 per cent in 20062007, to 6.1 percent in 2009-2010 and and an estimated 6.4 percent of the country’s GDP ...
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