India has progressed in terms of technology remarkably. It is one of the foremost countries in terms of technology be it Information Technology, pharmaceuticals, space technology or even telecom sector. India has come up as a global provider of software and business process services. The growth of IT industry has been remarkable with a constant 30% growth every year since last 10 years. It contributes about $47 billion in revenue and employs more than 1.6 million people. Several R&D startups can be seen in India and PE investors and VC funds are lining up and have made investments of $7.5 billion in 300 deals last year. The telecom sector too has made remarkable progress making its place in the global industry. India is the third largest network in the world after China and the U.S.
Technology is a great boon to the society and it has developed remarkably. India is highly developed nation in terms of technology and is one of the foremost after US and China. Missile technology, rocket science, telecom and IT are the sectors that has made India one of the topmost nations in terms of technology.
Technology in India is developing and has helped a lot in economic development of the nation. It has become the 2nd largest software developing nation in the World after USA. Technology in India is booming and every sector seems to be developing. India has contributed remarkably in the field of technology and is one of the major countries in the field of technology. More than 20 million of the Indian population works in various field related to technology.
