To protect information and information infrastructure in cyberspace, build capabilities to prevent and respond to cyber threats, reduce vulnerabilities and minimize damage from cyber incidents through a combination of institutional structures, people, processes, technology and cooperation.
Digital Innovation Hub
India is emerging as the hub for “Digital Skills”. The country spends USD 1.6 bn annually on training workforce in the sector. The sector is the largest employer within the private sector, employing 3.9 mn people. India is transforming into a digital economy with over 465 mn internet subscribers; only second to China.
Indian IT industry has more than 16,000 firms, of which over 1,000 are large firms with over 50 delivery locations in India. The country's cost competitiveness in providing IT services, which is approximately 3-4 times more cost-effective than the US, continues to be its unique selling proposition in the global sourcing market.
The National Optical Fibre Network (NOFN) aims to connect all 250,000 Gram Panchayats (village council) in the country with high-speed broadband.
- India’s domestic tech-market is the fastest growing in Asia-Pacific, witnessing growth of over 11% in 2016-17.
- • The Indian Information Technology and Business Process Management (IT and BPM) sector’s revenue is estimated to reach USD 350 bn by 2025.
Up to 100% FDI is allowed in data processing, software development and computer consultancy services; software supply services; business and management consultancy services, market research services, technical testing and analysis services, under automatic route
100% FDI is permitted in B2B E-commerce
for more details refer Fact sheet IT & BPM industry
- Largest market share in global services sourcing industry
- Second highest number of internet subscribers in the world
- Third largest tech startup hub of the world
IT BPM's exports have doubled in the last 6 years.
India is the leading off-shoring destination for IT companies in the world. The IT and BPM sector is the largest contributor to the total exports of the country. IT and BPM industry’s revenues stood at USD 154 bn in 2016-17 compared to USD 143 bn in 2015-16. The total revenue of USD 154 bn in 2016-17 comprised of USD 116 bn in exports and close to USD 38 bn in domestic share.
The domestic market is catered by hardware segment and IT services, which contributed USD 14 bn and USD 24 bn in 2016-17, respectively.
The exports of USD 116 bn in 2016-17 is further segmented as:
- Exports of USD 117 bn is further segmented as:
- IT services accounting for 56.4% of total IT exports
- BPM accounting for 22.2% share
- Software products and engineering services occupying 21.3% share
- GDP contribution (2017-18)
- Share in global outsourcing market size
- E-commerce growth
- Share in Indian services export
FDI inflow (in USD) in the services sector (Banking, Insurance, Business, Outsourcing, R&D, Courier, Technology Testing Analysis) during April 2000 – December 2017
FDI inflow (in USD) in the computer software & hardware from April 2000 – December 2017
Growth in FDI during 2014-17 viz-a-viz 2011-14
November 2016 - Freshdesk, one of first companies from India to offer Software-as-a-Service (SaaS) to global companies, has raised USD 55 mn in the latest round of funding led by Sequoia Capital India and existing investor Accel Partners, estimating to value the company at USD 700 mn.
September 2016 - Reliance Industries Ltd (RIL) plans to set up entrepreneurship hubs in key cities and towns, and a USD 773.1 mn fund, under the name of Jio Digital India Startup Fund, to invest in technology based startups.
February 2016 - Apple Inc. plans to set up its first technology development centre outside the US in Hyderabad with an investment of USD 25 mn, which is expected to create 4,500 jobs