Information technology in India

rdf:langString Information technology in India

rdf:langString The information technology industry in India comprises information technology services, consulting, and outsourcing. The share of the IT-BPM sector in the GDP of India is 7.4% in FY 2022. The IT and BPM industries' revenue is estimated at $227 billion in FY 2022. The domestic revenue of the IT industry is estimated at $49 billion, and export revenue is estimated at $178 billion in FY 2022. The IT–BPM sector overall employs 5 million people as of March 2022. The Indian IT–BPM industry has the highest employee attrition rate. In recent years the industry has been witnessing skyrocketing resignations cutting across hierarchy. As a global outsourcing hub, the Indian IT industry benefits from lower cost of living and the consequent cheaper labour. As IT–BPM sector evolves, many are concerned that artificial intelligence (AI) will drive significant automation and destroy jobs in the coming years. The United States accounts for two-thirds of India's IT services exports. The Indian IT industry is notorious because a large number of IT professionals entering the industry with forged experience certificates. These fake documents are provided by consultancies that are mainly operating out of Hyderabad and Bangalore. In order to clear interviews, IT professionals often opt for proxy interviews, but most of the fake candidates are rejected during the interview round.