What are software technology parks ? State any two points of significance of information technology industry in India.

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asked Mar 29, 2018 in Social Science by anukriti (13,536 points) 5 10 19

What are software technology parks ? State any two points of significance of information technology industry in India.

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answered Mar 29, 2018 by faiz (82,347 points) 6 6 11
selected Mar 29, 2018 by anukriti
 
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Software Technology Park: Software technology parks provide single window service and high data communication facility to software experts.
Significance of IT industry :
(i) A major impact of this industry has been on employment generation. Upto 31st March, 2005, the IT industry employed over one million persons.

(ii) It is encouraging to know that 30 percent of the people employed in this sector are women.
(iii) This industry has been a major foreign exchange earner in the last two or three years because of its fast growing Business Processes Outsourcing (BPO) sector.
(iv) The continuous growth in the hardware and software is the key to the success of IT industry in India.

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