| The information technology industry in India has grown at a compound annual growth rate of 29 per cent over the past five years. It's one of the fastest growing industries in the country. |
| India currently exports IT products and IT-enabled services to 133 countries across the world. |
| Two hundred and twenty of the Fortune 500 companies outsource software from India. |
| The IT industry is likely to maintain a high growth rate and is expected to generate revenues of $62 billion by 2008 and $148 billion by 2012. |
| In India, the sector employs around 650,000 people. This number is likely to increase to two million by 2010. |
| The state's support in providing infrastructure facilities such as technology parks and strengthening of communication networks has facilitated the sector's growth. |
| The sector has benefited significantly from the 100 per cent FDI allowed through the automatic route. |
| Selections from management journals NUGGETS |
| It's always been assumed that one company's loss is another's gain when an employee jumps ship. Just think of the knowledge, experience and connections that go out the door along with a person's boxes and office belongings. |
| But now a new study suggests that losing an employee, at least in a high-tech field, is not necessarily as bad as it seems. |
| "Firms can wind up learning when employees leave their firm, which is contrary to the conventional wisdom "" that firms learn by hiring away employees," says Wharton management professor Lori Rosenkopf. |
| She and Wharton doctoral student Rafael A Corredoira present their conclusions in a paper titled, "Learning from those who left: the reverse transfer of knowledge through mobility ties." |
| The social network benefit: Losing an employee doesn't have to mean losing knowledge Knowledge@Wharton October 4-17 |
| Read this article at http://knowledge.wharton.upenn.edu |
| WHO BOUGHT WHAT September 2006 |
| Top online buys |
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| Top searches Source: eBay India |
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