INDIAN ECONOMY GROWTH
INDIAN ECONOMY GROWTH A l ittle m ore t han 25 y ears a go, I ndia e mbarked o n a j ourney and economic liberalization that powered a growth wave unlike any in the country’s history. This culminated in the nation becoming a $3 trillion economy in 2019, and a quick look at the underlying fundamentals reveals that more is yet to come. India has emerged as the fastest growing major economy in the world and is e xpected to be one of the top three economic powers in the w orld over the next 10-15 years, backed by its robust democracy and strong partnerships. The global sourcing market in India continues to grow at a higher pace compared to the IT & BPM industry. India is the leading sourcing destination across the world, accounting for approximately 55 per cent market share of the US$ 200-250 billion global services sourcing business in 2019-20. Indian IT & BPM companies have set up over 1,000 global delivery centres in about 80 countries across the world. This report ana...