The IT industry in India is the subject of much optimism given its past performance. That said, there is a huge potential for growth due to the huge population and IT sector employment in India.
The IT Sector has been the darling of the Indian Stock Markets for over a decade, up until the economic crisis a couple of year ago, of course. The good thing about this IT Sector is that, it is not sensitive to the Interest Rate Movements in India. Also, the Indian Rupee has depreciated significantly against the US Dollar and other foreign currencies. So, the revenue is bound to rise just by the sheer movement in the value of the Rupee.
Moreover, the whole world is reeling under severe economic stress. With rising costs and the ever present need to reduce costs, Large Company's worldwide are looking at lower cost outsourcing locations like India and China. So, the IT Sector is expected to continue to grow well in the year 2012.
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