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India Notes

traffic moved by Railways was 420.9 million tons growing at the rate of 7%. The total passenger traffic in the year 1998-99 was 4411 million tons. Table: NETWORK OF RAILWAYS- 1998-99GAUGEROUTE (km)RUNNING TRACK(km)TOTAL TRACK (km)Broad44,22062,1801,06,400Meter15,18015,88031,060Narrow3,4103,4506,860TOTAL62,81081,5101,44,320Table: ZONAL DISTRIBUTION OF ROUTE KILOMETERSZONESROUTE KM.CENTRAL7,047EASTERN4,318NORTHERN11,004NORTH EASTERN5,107NORTH EAST FRONTIER3,816SOUTHERN7,049SOUTH CENTRAL7,203SOUTH EASTERN7,351WESTERN10,020TOTAL62,915Information Technology Information Technology Industry in India has the potential of tremendous growth as a global IT solutions provider. Increasingly, India is being regarded as the hub and the base for world-wide IT solutions development. In addition to the global market that the Indian IT industry is well placed to tap, there is also a huge market within India to transform conventional brick and mortar industry through IT solutions. Likely economic and industrial growth and a large consumer base are the additional and significant growth drivers for Indian IT industry. Convergence of Information Technology, Communication, Entertainment, Content and Consumer Electronics and the increasing penetration of internet, PC, desktop sets, mobile phones, cable TV etc. should result in a massive surge in world-wide demand for IT solutions for internet based activities and e-commerce. India today is well placed to offer quality and competitive IT products and services. Software industry has emerged as one of the fastest growing sectors in Indian economy with a CAGR exceeding 50% over the last five years and with a likely turnover of US $ 6 billion and exports of US $ 4 billion during 1999-2000. The government projects an export of US $ 50 billion by the year 2008 for the Indian software industry. Hardware Industry The IT Industry revolution in India rests on four pillars i.e., hardware, software, service and training. I...

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