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IT-BPM revenues are expected to reach USD 146 Billion in 2015.
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Exports from the IT-BPM industry are expected to reach USD 98.5 Billion in 2015.
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IT Services exports are USD 55 Billion.
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The BPM industry exports are USD 20 Billion.
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The hardware industry exports are USD 0.4 Billion.
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The IT industry has more than 15,000 firms; of which 1000+ are large firms.
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The IT-BPM industry is the largest private sector employer – delivering 3.5 Million jobs.
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The sector accounts for 38% of India’s services exports.
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The sector includes 640 offshore development centres (ODCs) across around 78 countries.
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India is ranked as the 9th largest start-up hub in the world with over 3100 start-ups in the country.
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Emerging geographies and verticals, non-linear growth due to platforms, products and automation.
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Revival in demand for IT services from US and Europe.
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Increasing adoption of technology and telecom by consumers and focused government initiatives – leading to increased ICT adoption.
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High-value client additions bigger than USD 1 Million – the highest in the last five years, registering 13.5% growth.
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Emerging verticals (retail, healthcare, utilities) are driving growth above 14%.
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India has been creating a future-ready digital workforce, with more than 1,50,000 employees SMAC skills.
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More than 50,000 employees are skilled in analysis, 30,000 people in enterprise mobility.
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The SMAC (social, mobility, analytics, cloud) market is expected to grow to USD 225 Billion by 2020.
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USD 1.6 Billion is spent annually on training workforce and growing R&D spend.
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The National Optical Fibre Network (NOFN) is being laid down in phases to connect all the 250,000 gram panchayats in the country.
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The government's Digital India Campaign envisages a USD 20 Billion investment covering mobile connectivity throughout the country, re-engineering of government process via technology and enabling e-delivery of citizen services.
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Tax rate on royalty and fee for technical service payable to non-residents has been reduced from 25% to 10%.
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Concerns of IT Industries for a more liberal system of raising global capital, incubation facilities in our Centres of Excellence, funding for seed capital and growth, and ease of Doing Business etc. would be addressed for creating hundreds of billion dollars in value.
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The National Optical Fibre Network Programme (NOFNP) to be further speeded up by allowing willing states to execute on reimbursement of cost basis as determined by Department of Telecom.
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Supporting technology driven start-ups - Creating of innovation Promotion Platform and Techno-financial and facilitation support scheme
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Self Employment and Talent Utilization (SETU) to establish as techno-financial, incubation and facilitation programme to support all aspects of start-up business.
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Transfer Pricing - Increase in Domestic Transfer pricing threshold from 5 Crores to 20 Crores.
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Reduction in tax rate on Royalty and Fees from Technical services from 25% to 10%
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CENVAT credit time limit for availment increased from 6 months to 1 year.
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GAAR deferred by another two years and will be implied prospectively.
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2 days time for service tax/ excise duty registration; electronic filing including digital signature.
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Micro Units Development Refinance Agency (MUDRA) Bank, with a corpus of 20,000 crore, and credit guarantee corpus of 3,000 crore aiming to infuse funding among the new generation entrepreneurs.
