Information Technology
India is the world’s largest sourcing destination for information technology (IT) industry. IT has provided copious jobs and has put India on the growth engine. Almost every Indian bank offers e-services and encourages plastic money. Indians stand 2nd in ‘facebook’ membership after the US. Perhaps that is the reason Indians rank amongst the top five countries in terms of digitalisation maturity. India has witnessed manifold increase in e-commerce companies and start-ups and cross-border online shopping by Indians is expected to increase 85 per cent in 2017, and total online spending is projected to rise 31 per cent to Rs 8.75 lakh crore (US$ 128 billion) by 2018. The Government has been instrumental in following the technological route. ‘BHIM’ app, ‘Digilocker’, e-aadhar are some of the initiatives taken by the government. IT has always been a blockbuster industry for India and with its broadening avenues; it is poised to grow more.