India’s fertility rate has outnumbered the maternity rate with big margin which has led to population explosion from 1960’s to 1-990’s especially in 80’s.
Looking at our population growth rate, it is very much expected that we may outscore China and thus become world most popular country in coming 3 to 4 decades.
With nearly 2.4% of Law area of the globe we are sustaining around 16% of words population. This reflects our population – resource scenario of our country, we are sustaining huge population with little resource in our hand. This has affected our economic services have great demands in the world market.
India has hugely benefited out of this IT sector, as the demands in this sector is accentuating greatly, largely due to the growing efficiency of Indian IT across the world/India’s foreign currency is also positively affected under the influence of IT sector. There is flow of FDI in this sector, providing required capital to make investment in domestic field.
ADVERTISEMENTS:
To enhance its IT efficiency, India is widening its expertiseness by opening new institutes like IIIT’s in several parts of the country.
Due to its importance of IT sector, Indian government is making policies to help it grow by providing infrastructure to it. Favorable and liberal policies have been prepared to attract foreign companies to establish their base in India.
Several Policies has been brought out to improve the IT industry in India. From 15th August, 2000, the Information Technology Act has been implemented. E-commerce and other services have been given legal back force through this Act.
IT has brought many Regions in India at the forefront on the Map of IT world sector.