Budget wish list: IT, ITes & e-commerce

Industry size

Approx:  $143  bn (IT - ITeS) plus $17 bn (e-commerce)

Employment figure: Approx 3.9 million 

Contribution to GDP: About  9.3% 

Key issues or areas of concern for the sector 

• Global political uncertainty due to the recent developments in the US and UK could impact growth for the Indian IT sector as these are one of the largest markets for the Indian IT-ITeS companies. Given that emphasis could be to create jobs in the US could have negative influence on outsourcing of jobs from outside the US, which in turn could have implications on mobility of IT specialists.

• The new GST