An Economic Analysis of the IT-ITes sector in India with a special emphasis on Business Process Outsourcing (2003-2017)

Dr. Monisankar Sarbabidya

Volume : IX, Issue : III, March - 2019

An Economic Analysis of the IT-ITes sector in India with a special emphasis on Business Process Outsourcing (2003-2017)

Dr. Monisankar Sarbabidya

Abstract :

Clark – Fisher thesis stated that the contribution of agricultural sector to the GDP continuously declines and that rises in favor of manufacturing sector then towards service sector when development takes place. But for Indian economy there was a dramatic change from agriculture to service sector. One of the important nature in Indian economy was service led growth. As a reason the expansion of IT–ITes industry played a significant role in that category. The aims of the paper is to show the growth of this IT–ITes industry in Indian economy and also identify the role of Business Process Outsourcing (BPO) behind this tremendous growth during 2003–2017.But the analysis shows that the growth of IT export revenue is too high compare to that of domestic IT growth. So to maintain the long run growth we should focus on the growth of domestic IT industry also