IT market grew at 22.4 per cent in 2007 The Indian IT and ITeS industry grew to Rs. 2,46,609 crore in the calendar year 2007, up from Rs. 2,01,413 crore in 2006, representing a growth of 22.4 per cent. In 2008, the IT and ITeS exports segment is expected to clock a growth of 20.4 percent. Domestic IT market to touch $50-bn by 2012. Overall IT and ITeS market at $132 billion by 2012.

The emergence of Information technology has necessitated the need for professionally qualified and talented people in the sector. The domestic IT market in India grew by 22.4% in 2006 and is expected to keep the momentum up in 2007.