The India BPO Promotion Scheme (IBPS) seeks to incentivize establishment of 48,300 seats in respect of BPO/ITES operations across the country. It is distributed among each State in proportion of State's population with an outlay of Rs. 493 Crore. This would help in capacity building in smaller cities in terms of infra & manpower and would become basis for next wave of IT/ITES led growth. This scheme has potential to create employment opportunities of around 1.5 lakh direct jobs considering three shift operations. It may also create good number of indirect jobs.
IT & BPM Industry is considered as one of Industries in India which has been contributing to the Indian Economy to the maximum without any break or interruption. The following parameters are considered to categorise the IT & BPM Industry
FACTORS THAT HAS BEEN HELPING IT & BPM INDUSTRY’S GROWTH IN INDIA:
If we take the whole country’s GDP and analyse it, we find that the IT and BPM industries have contributed about 7.7 per cent of the country's GDP. It is also predicted that by 2025, it will contribute 10 per cent of India's GDP [7]. Let us see the various factors that have helped and contributed to this growth in the IT and BPM sector.
