ndia is the world ' s largest sourcing destination, accounting for approximately 55 per cent of the US $

accounted for 56.12 per cent of total IT exports

( including hardware) from India. The Business Process

Management( BPM) segment accounted for 23.46 per

competitiveness in providing Information Technology

cent of total IT exports during FY15.

( IT) services, which is approximately 3-4 times cheaper

The IT-BPM sector in India grew at a Compound Annual

than the US, continues to be its Unique Selling

Growth rate( CAGR) of 15 per cent over 2010-15, which

Proposition( USP) in the global sourcing market.

is 3-4 times higher than the global IT-BPM spend, and is

India’ s highly qualified talent pool of technical

estimated to expand at a CAGR of 9.5 per cent to US $

graduates is one of the largest in the world and is

300 billion by 2020.

available at a cost saving of 60-70 per cent to source

The Government of India has extended tax holidays to

countries. This large pool of qualified skilled workforce

the IT sector for software technology parks of India

has enabled Indian IT companies to help clients to save

( STPI) and Special Economic Zones( SEZs). Further, the

US $ 200 billion in the last five years.

country is providing procedural ease and single window

India’ s IT industry amounts to 12.3 per cent of the global

clearance for setting up facilities.

market, largely due to exports. Export of IT services