FDI in IT and ITeS in India

Abstract

World economies are changing drastically. Through the constant changing technology implementation,
world is getting closer in many spheres. This is well observed in Information Technology revolution which
had altered many economic calculations worldwide. IT plays very crucial role in the development of the
country. It connects with the developed economies and brings latest technology, enhances productive
capacity, brings efficiency and also ensures competitiveness in all sectors of the economy. Government of
India has acknowledged its importance and accordingly welcomed 100 per cent FDI in IT and IT enables
Services (ITeS). This paper tries to focus on FDI in IT and ITeS within the country and reveals the various
socioeconomic factors responsible for its growth.