INDUSTRIES
INDIAN MINERALS AND INDUSTRIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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500 Billion USD
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10 Billion USD
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100 Billion USD
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100 Million USD
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Detailed explanation-1: -Indian software product industry is expected to reach US$ 100 billion by 2025. Indian companies are focusing on investing internationally to expand their global footprint and enhance their global delivery centres.
Detailed explanation-2: -The share of the IT-BPM sector in the GDP of India is 7.4% in FY 2022. The IT and BPM industries’ revenue is estimated at $227 billion in FY 2022. The domestic revenue of the IT industry is estimated at $49 billion, and export revenue is estimated at $181 billion in FY 2022.
Detailed explanation-3: -Outlook: SaaS product expected to dominate with revenue potential of $30-40 bn by 2030. Deep tech penetration in software products expected to reach 40-60% Verticalization to become more prominent with >50% products to be vertically focused by 2030.