India accounted for 55% of global IT and ITES sourcing market
"Certain Asian and Latin American countries have also emerged in this Sector and are steadily gaining momentum as destinations for IT-ITES investments. However, India's unique value proposition of a mature customer focused industry, domain experience, large pool of talent and proven track record has ensured that India remains at the centre stage of most global sourcing decisions," the government release states.
Giving this information in written reply to a question in the Rajya Sabha on Friday, Milind Deora, Minister of State for Communications and Information Technology, said that Indian industry with high value add exports remains to be competitive. The individual firm wise competitiveness data is not maintained. However, the Indian IT-ITES industry revenue (Exports + Domestic) has registered progressive growth over the last five years.
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