Chennai, Feb 13: The IT industry's contribution to the country's GDP has been steadily increasing, from 1.2 per cent in financial year 1997-98 to 5.2 per cent in 2006-07, NASSCOM, the premier trade body and the 'voice' of the Indian IT-BPO industry, said today.
A study jointly conducted by NASSCOM Foundation and Deloitte on 'Indian IT Industry: Impacting the Economy and Society', said that the IT/ITES industry had contributed to the foreign exchange reserve of the country by increasing exports by almost 36 per cent. Its direct employment, which had grown at a CAGR of 26 per cent in the last decade, made it the largest employer in the organised private sector of the country, it added.
The research had highlighted the industry's significant contribution through socially relevant products and services and community initiatives in human resource development, education, employability, health and creating opportunities for the 'out-of-the-mainstream' candidates like encouraging women empowerment and employment of differently-abled.
The study provided insights on how the IT industry had touched the lives of wider segments of the society. The report was a follow-up from NASSCOM Foundation's annual research publication - 'Catalysing Change' - and it highlighted the state-of-play of Corporate Social Responsibility (CSR) in the IT/ITES industry.