The Indian software industry, has zoomed from a mere US$ 150 million ten years ago to a whopping US$ 3.9 billion in 1998-99. In 1998-99, more than 203 out of the Fortune 1000, that’s nearly one in five, outsourced their software requirements to India. And US customers bought almost 61 per cent of the software that Indian companies exported to 91 countries around the world.

Microsoft Chairman Bill Gates picked the Indian city of Hyderabad to house his company’s first-ever development centre outside the U.S.A.

As per a recent analysis by McKinsey & Co., India is best positioned to offer competitive cross-border IT Services and enterprise IT solutions scoring high on multiple parameters of vendor sophistication as well as people sophistication.