The BT 50 index

 The BT 50 index

 

No stopping India’s IT industry

India’s IT industry, and more specifi cally its IT services industry, is expected to continue to grow at a faster clip relative to others, notwithstanding the prospects of a tougher economic climate worldwide, according to global research and analytics fi rm Evalueserve.

Over the next 7-8 years, India’s IT industry is expected to close the gap with its US counterpart: from being one-fi fteenth of the US IT industry, which has revenues of $452 billion, in 2006-07, it is expected to be one-fi fth in size by 2016. India is also likely to develop the second-largest IT services labour pool after the US, over the same period.