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Information Technology and Telecommunication

The graph given below is a clear indication of the growth seen in IT industry in India. Though Bangalore is fondly and aptly referred to as the Silicon Valley in India, the other centers are also catching up showing impressive growth.
The IT industry has grown by 5% in 2004. The industry’s turn over in 1989 was to the tune of 5 billion us $ which has now touched $ 12 billion this year. As per the Nasscom Meckinsey Report the off shore and BPO sector jobs would fetch an Export of $ 60 billion by the year 2010.

There are 2.50 lakh workers mostly for highly skilled to educated segments, in the soft ware industry.
The emerging trends in ecommerce was expected o be US $ 19 billion last year (Source: Nasscom) and the remote processing IT enabled services sector was expected to touch $ 18 billion in revenues as per a Meckinsey report.

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