India - GDP and ICTs

IT contribution to GDP rises to 5.2%: Study

The information technology (IT) industry has increased its contribution to the country's GDP from 1.2 per cent in 1997-98 to 5.2 per cent in 2006-07, according to a Nasscom-Deloitte study.

The report, titled Indian IT Industry: Impacting the Economy and Society, further says that export earnings in 2007-08 will hit $40 billion, a growth of 36 per cent.

Meanwhile, direct employment is expected to be 2 million in 2007-08, growing at a CAGR of 26 per cent in the last decade.

The report, while bringing forth the contribution of the IT/ITeS sector, points out that the industry has been the trigger for many �firsts� and has contributed not only to unleashing the hitherto untapped entrepreneurial potential of the middle class but also taking Indian excellence to the global market.