fdi digital industry india country software hub
IT Industry in India#### Snapshot## Digital Innovation HubIndia is emerging as the hub for “Digital Skills”. The country spends $1.6 bnannually on training workforce in the sector. The industry is the largestemployer within the private sector, employing 3.9 million people. India istransforming into a digital economy with over 450 mn plus internetsubscribers; only second to China.Indian IT industry has more than 17,000 firms, of which over 1,000 are largefirms with over 50 delivery locations in India. The country’s costcompetitiveness in providing IT services, which is approximately 3-4 timesmore cost-effective than the US, continues to be its unique sellingproposition in the global sourcing market.The National Optical Fibre Network (NOFN) aims to connect all 250,000 GramPanchayats (village council) in the country with high-speed broadband.Up to 100% FDI is allowed in Data processing, Software development andComputer consultancy services; Software supply services; Business andmanagement consultancy services, Market research services, Technical testingand Analysis services, under automatic route100% FDI is permitted in B2B E-commerce.for further details, please refer FDI Policy