Indian IT Sector: Analyze to Invest – (Part II)

Growth so far & Road ahead to this sector

Year 2012 witnessed a massive growth of 7.5 percent in the IT sector which was mere 1.2 percent in 1998. According to NASSCOM, the IT–BPO sector in India aggregated revenues of US$100 billion in FY2012, whereas export and domestic revenue summed up at U.S. $69.1 billion and U.S $31.7 billion.
The Information Technology industry’s share increased to 25 percent of the total Indian Exports in the year 2012. The IT sector is also a huge provider of employment in the Indian economy and around 230,000 jobs were provided in the Financial Year 2012.

(Image Source: economictimes.indiatimes)

Investments in this sector: Road Ahead
Factors that will contribute to its growth are:

Data Analytics: IT has changed the way corporates store, analyze & use their data. The technological advancement has enabled companies to use their data more judiciously & is being leveraged by banks, retail, pharma & many more sectors for better decision making

(Image Source: economictimes.indiatimes)

Mobility: As the number of mobile phone & tablet users increases, the India IT sector supplying large mobile applications to some of world’s largest organization is expected to see increase in revenues.

(Image Source: economictimes.indiatimes)

It is very important that while investing in equity, an investor selects a sector where long-term future prospects are bright. And Information Technology sector, enthused by improving global economic scenario and a renewed wave of reforms back in India makes it good investment option.

For more details on how to invest in this sector contact us at http://www.karvywealth.com/home.aspx

Source: Economic Times