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Business Ethics by A. C. Fernando

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Chapter Sixteen

IT Industry: An Overview and Ethical Perspective*

INTRODUCTION

The opening up of Indian economy in 1991 coincided with the information technology (IT) revolution that was sweeping all over the world. This lucky coincidence catapulted India into the league of IT super powers. Indian software houses utilized the opportunities available in global market to the hilt with a rousing start. Indian IT and IT-enabled services (ITES) industry charted a phenomenal double-digit growth of over 28 per cent since the financial year 1999–2000. Its contribution to the national GDP has risen from 1.9 per cent in financial year 1999–2000 to 5.4 per cent in 2006–2007, and is estimated to contribute 7–8 per cent of the country’s GDP by the year 2010. ...

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