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IT Sector: Backbone Of India

Today, a lot of you are having Monday blues and to-be honest, I completely understand. In the last few days, I have connected with a lot of you over LinkedIn and, the majority of you are from Information Technology background or profession so, I thought of writing about the same.

The IT and Business Services market in India is expected to grow yearly by 5.4 per cent to reach $13 billion by the end of the year. In the first half (January-June period), the India IT and Business Services market grew by 5.3 per cent (on-year) as compared to the 8.9 per cent growth in the first half last year, according to the IDC's 'Worldwide Semiannual Services Tracker-1H20'. When it comes to only IT Services, the market offered 77.4 per cent in the first half this year and grew by 5.9 per cent compared to the 9.3 per cent growth in 1st half of 2019.

Apart from guaranteeing business continuity, the role of IT service providers has also been towards helping organisations to achieve a higher degree of tech resilience, adaptability and digital transformation maturity, to become future-ready.

The IT sector in India and worldwide has become the biggest backbone for the economies globally and will continue to do so over the coming years.

The IT sector in India and worldwide has become the biggest backbone for the economies globally and will continue to do so over the coming years.