IT professionals including ex- IT sector employees are now seeking employment in financial services, telecommunications and manufacturing industries which have recently witnessed a phenomenal growth. Like any other industry, Indian IT too faced challenges, such as absence of a local market, and unfavourable government policy regarding private enterprises.
However, small sparks of encouragement are there. STPI set up software technology parks in different cities, each of which provided satellite links to be used by firms; the local link was a wireless radio link.
Today in India the data centre services market is forecasted to grow at a compound annual growth rate CAGR of History Indian Information Technology industry is one of the fastest growing industries in the country.
The Task Force could act quickly because it built upon the experience and frustrations of state governments, central government agencies, universities, and the software industry. The industry is also an employment intensive sector. Post Views: 1, On 25 JuneIndia and the European Union agreed to bilateral cooperation in the field of science and technology.