The Information Technology industry has great scope for people as it provides employment to technical and non-technical grads and has the capability to generate huge foreign exchange inflow for India. India exports softwares and services to approximately 95 countries in the world. By outsourcing to India, many countries get benefits in terms of labour costs and business processes. Also, the Indian companies are broadening the range of services being provided to the customers, which is resulting in more off-shoring. Talent acquisition, development and retention initiatives taken by the companies have brought down the employee attrition rates, thereby providing more stability to the employees and increasing their job commitment.
Future of Information Technology

Information Technology will continue to gain momentum; telecom and wireless will follow the trend. The immense expansion in networking technologies is expected to continue in the next decade also. IT will bring about a drastic improvement in the quality of life as it impacts application domains and global competitiveness.

Future Estimates (For 2008):
Annual revenue estimated for the industry is US$87 billion.
Software and Services will contribute over 7.5% of the overall GDP growth of India.
IT exports will constitute 35% of the total exports of India.
There will be 2.2 million jobs in IT sector.
IT industry will attract FDI of US$ 4-5 billion.
Market capitalization of IT shares will be approximately US$225 billion.

Snapshots:

- IT is the fastest growing sector in the economy with a fairly high output growth rate projected till 2012.

- Employment opportunities are expected to be good in the IT industry as demand for computer-related occupations increases due to rapid advances in computer technology, continuing development of new computer applications, and the growing significance of information security.