FY 2019-20 $ 150 Billion
FY 2020-21 $ 151 Billion
FY 2021-22 $ 178 Billion

Software Technology parks of India (STP) Scheme:

  • Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology is implementing Software Technology parks of India (STP) Scheme, which is a 100% export oriented Scheme for the development and export of computer software, including export of professional services using communication links or physical media.
  • The export by STPI registered IT/ITeS Units is increasing on Y-o-Y basis and is stands at$ 80.3 Billion in the FY 2021-22.
  • Special Economic Zones (SEZs): The SEZ Act, 2005, supported by SEZ Rules, came into effect on 10thFebruary, 2006 for promotion of export of goods and services, creation of employment opportunities and generation of additional economic activities.
  • iii. MeitY in collaboration with IT/ITeS Sector Skills Council-NASSCOM has initiated a programme titled Future Skills PRIME (Programme for Re-skilling /Up-skilling of IT Manpower for Employability).
  • Future Skill sPRIME is an ‘aggregator of aggregators’ platform comprising various online skills providers for digital skills training on a national scale in the online mode.
  • The programme is aimed at re-skilling/ up-skilling of IT professionals in 10 new/emerging technologies namely, AI, BDA, RPA, Additive Manufacturing/ 3D Printing, Cloud Computing, Social & Mobile, Cyber Security, Augmented/Virtual Reality, Internet of Things and Blockchain.The Government with an intent to build a strong ecosystem for nurturing innovation, startups and encouraging private investments in startup ecosystem of the country has established various Domain Specific Centre of Entrepreneurship across the country in new and emerging technologies.
  • National Policy on Software Products-2019: GoI has approved National Policy on Software Products-2019 with an aim to develop India as the global software product hub, driven by innovation, improved commercialization, sustainable Intellectual property (IP), promoting technology start-ups and specialised skill sets, for development of the sector, based on ICT has been approved. The objective of the policy is to create a robust Indian Software Product development ecosystem.
  • Next Generation Incubation Scheme (NGIS) has been approved to support software product ecosystem and to address a significant portion of National Policy on Software Product (NPSP 2019). It is envisaged to create a vibrant software product ecosystem.
  • Other initiatives to promote IT sector export includes Market Outreach Initiatives in USA and UK to provide soft-landing support to Indian IT/ ITeS SMEs for generating market linkages to enhance export in overseas markets, Market Development Initiative in Nordics and Africa Region, etc.


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