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