One of the fastest growing sectors and most of the top IT companies in the World have established bases in India to meet their growing world-wide requirements. Many of the Fortune 500 companies have outsourced their call centre and BPO operations to Indian companies or to their own subsidiary in India and have effected significant cost savings. India is the world leader in global offshoring, accounting for 65% of global IT offshoring and 46% of BPO offshoring.
The projected Indian IT-ITeS exports for 2008 is $50 billion and the projected CAGR is 28%. There is immense potential for growth since only
10% of the estimated addressable market for global offshoring of over $300 billion has been tapped so far
One of the fastest growing sectors and some of the largest pharmaceuticals companies in the World have established R&D bases in India
One of the fastest growing sectors with current size of about US$ 17.2 billion
One of the World's largest & fastest growing sectors. The telecommunication sector has been growing in the range of 20 to 40 percent during the last three years. This rapid growth has been possible due to various proactive and positive decisions of the Government as well as support given to the sector both by the public and private sector. As on May 31, 2006 the mobile phones including WLL has crossed 100 million barrier which is twice the fixed line phones (50 million). The number of telephones increased from 77.94 million in May 2004 to over 150 million in May 2006 thereby registering a growth rate of almost 100 per cent during this period and teledensity touched at 13.54 per cent from 7.08 per cent on May 2004.
The air transport sector has grown in the first three years of the tenth plan at an average rate of 7% per annum as against the plan estimate of 5%. In fact, during the year 2004-05, air transport witnessed a very high growth of above 24%. The Government of India is, therefore confident that an average growth rate of 16% p.a. is achievable by 2010 by going in for greater liberalization and significant private sector participation in infrastructure development. There has also been a significant increase in both domestic and international air traffic as well as cargo in India during the year 2004-05.Airport. Authority of India handled: (a) 7.3 lakh aircraft movements (12% over the previous year), (b) 59 million passengers (20% over the previous year) and (c) 1.3 million tones of cargo (22% over the previous year)