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clipped from www.idcindia.com

The domestic IT and ITeS market in India grew by 26% in CY 2005 over CY 2004. It was a milestone achieved in the history of the Indian IT industry, when the IT and ITeS revenue in the domestic arena crossed Rs.50,000 crore. This was revealed by IDC (India) Limited, the country’s leading IT market research and consultancy firm on the eve of their flag-ship annual industry briefing session DIRECTIONS.

The domestic market in India has come of age now and beyond 2005 it is expected to show faster growth compared to the IT/ITeS exports revenue”
, said Kapil Dev Singh, Country Manager, IDC (India) Limited. “This makes India a great market with significant domestic consumption and not just a sourcing base. I believe the critical mass has been achieved and one can expect a phenomenal growth of IT adoption by all sections of the IT market by 2010”
Domestic IT/ITES grows by 26% in 2005 and crosses Rs 50,000 crore mark; projected to grow faster than IT/ITES exports for the period 2006-2010
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