About IT companies Information technology in India is an industry consisting of two major components: IT services and business process outsourcing (B P O). [1] The sector has increased its contribution to India's GDP from 1.2% in 1998 to 7.5% in 2012. [2] According t o NASSCOM , the s ector aggregated revenues of US$ 160 billion in 2017, [3] [4] with export revenue standing at US$ 99 billion and domestic revenue at US$ 48 billion, growing by over 13%. USA accounts for more than 60 per cent of Indian IT exports. [5] Contents [ hide ] 1 History 2 Contemporary situation 3 Future outlook 3.1 New directions in research and development 4 Major information technology hubs 5 Employment generation 6 See also 7 References 8 Further reading History [ edit ] See also: India Startup Ecosystem TimeLine India's IT Services industry was born in Mumbai in 1967 with the establishment of