SSC Economics Sample Paper NCERT Sample Paper-2

  • question_answer
    Consider me following major components of the ITES industry
    1. IT Services
    2. Business Process Outsourcing (BPO)
    3. Engineering Services and R & D
    4. Software Products
    Which of the above are the major component(s) of the ITES, Industry in India

    A) 1, 2, 3 and 4     

    B) 1, 2 and 3

    C) 2, 3 and 4         

    D) 1 and 2

    Correct Answer: A

    Solution :

    India is the world's largest sourcing destination for the information technology (IT) industry, accounting for approximately 67 percent of the US$ 124-13 0 billion market. Having proven its capabilities in delivering both on-shore and off-shore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top IT firms in India. Social, mobility, analytics and cloud (SMAC) are collectively expected to offer a US$ 1 trillion opportunity. Cloud represents the largest opportunity under SMAC, increasing at a CAGR of approximately 30 per cent to around US$ 650-700 billion by 2020. The social media is the second most lucrative segment for IT firms, offering a US$ 250 billion market opportunity by 2020. The Indian e-commerce segment is US$ 12 billion in size and is witnessing strong growth and thereby offers another attractive avenue for IT companies to develop products and services to cater to the high growth consumer segment.      

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