As we all know that Information technology is the most important growing sector of Indian economy and it is all because of success of Indian software companies. Information technology (IT) is playing a crucial role in different sectors of this contemporary society.
Due to information technology India is emerging as one of the most preferred destinations for business process outsourcing. It has transformed the whole world into a global village with a global economy. In wider terms information technology refers to both hardware and software that are used to store and retrieve information. Although IT services and software continues to remain the key contributor to the IT sector’s revenues. Information technology has spread its roots in such a way that is has become a part of our daily life.
For example, if we need to buy anything or travel or want to transact any amount of money, we don’t need to go anywhere, the only requirement is The Internet. It provides tremendous employment potential and linkages between government and the people both at the rural and urban level. Information Technology has changed the whole scenario. Even technologies are being shared online by the companies. Information Technology in India is moving on a path to become an engine of accelerated economic growth which will be soon known as Knowledge based industry.