Will the Minister of ELECTRONICS AND INFORMATION TECHNOLOGY be pleased to state:
(a) whether global economic slowdown may impact IT firms in the country including in Hyderabad;
(b) if so, the details thereof and the reasons therefore; and
(c) the steps taken/being taken by the Government in this regard?
): No, Sir. As per National Association of Software and Services Companies (NASSCOM), the Indian IT industry revenue continues to grow annually at 8.6% reaching $164 Billion in FY 2018-19.
(b) and (c): Does not arise. However, Government initiatives such as Digital India, Start-up India, Smart Cities, Promotion of Digital Economy and e-Governance programmes has provided growth opportunities to IT industry. Further, Government has approved “National Policy on Software Products” with a vision to make India a global player in software development, production, supply of innovative and efficient Software Products.
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