The sector that has seen the most dramatic rise as a consequence of reforms of 1991 in India is the information technology industry.Today the industry contributes 5 percent to the GDP and supports well above 2.5 million jobs in the country. This graph below sourced from this blog post gives you a good idea of the boom since the mid 90's.
The impact of reforms is well illustrated here.The country started as an IT services destination and is now diversifying into more than just IT. Blue chip companies like EADS, Merecedes Benz, GM conduct substantial Research & Development operations out of India these days.
Although the industry is still small when the working population and overall GDP is put in perspective, the future still looks good enough. Policy makers from the early 90's can rightly take some credit for this.
The impact of reforms is well illustrated here.The country started as an IT services destination and is now diversifying into more than just IT. Blue chip companies like EADS, Merecedes Benz, GM conduct substantial Research & Development operations out of India these days.
Although the industry is still small when the working population and overall GDP is put in perspective, the future still looks good enough. Policy makers from the early 90's can rightly take some credit for this.
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