Live
- Amid buzz over arrest, KTR says he is ready to go to jail
- Govt trying to grab lands for a song: BJP MP
- BRS an obstacle for investments: Jagga Reddy
- TGPSC all set for holding Group-III exams
- Delays dog LRS cases as applications pile-up
- TGSPDCL deploys 101 ERT vehicles
- JIH to host national conclave in city
- OU celebrates National Library Week with book exhibition
- Prakash Utsav to be celebrated today
- Survey staff turn a blind eye towards apartment dwellers
Centre eyes 35 lakh IT jobs
The central government has issued the draft of first ever National Software Policy with an aim to increase share of Indian software products in global market by 10 fold to estimated $148 billion and create employment opportunity for 3.5 million (35 lakh) people by 2025.
New Delhi: The central government has issued the draft of first ever National Software Policy with an aim to increase share of Indian software products in global market by 10 fold to estimated $148 billion and create employment opportunity for 3.5 million (35 lakh) people by 2025.
The policy will "strive for a tenfold increase in share of the global software product market by 2025 by promoting easy access to local domestic/international market for software product" and "create 3.5 million direct and indirect jobs by 2025", the draft said.
The software product industry is estimated to be $411 billion globally today and is expected to reach around $1 trillion by 2025.
"However, in India the software product industry is still in its infancy stage. The total revenue of software product industry in India is $6.1 billion, out of which $2 billion is from exports," the draft said.
As per the estimates, the Indian software product industry accounts for 1.48 per cent of global market and government's mission to increase it by 10 fold will take it to $148 billion by 2025.
