India has potential to build $ 100 bn software product industry by 2025: iSPIRT

The country has potential to build USD 100 billion software product industry by 2025, think-tank- Indian Software Products Industry Roundtable (iSPIRT) said according to a PTI news report.

"iSPIRT estimates that the country has the potential to build $ 100 billion software product industry by 2025, contributing significantly to the nation's current account," officials of the think tank said.

"While the existing framework of sector's revenue contribution does not concur to this estimate, all that is required to make this happen is some resolute and purposeful action by two major stakeholders: industry and government," they added.

Highlighting the key findings of the report, Fellow at iSPIRT Foundation Srivardhini K Jha said, "Over 50 per cent of software product companies are completely self funded or bootstrapped."

Read more about: software
Story first published: Wednesday, February 5, 2014, 9:10 [IST]
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