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ARTICLE · 01 APRIL 2019

The National Policy On Software Products 2019

S.S. Rana & Co.
S.S. Rana & Co.
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The Union Cabinet on February 28, 2019 has approved the National Policy on Software Products to develop India as a Software Product Nation and aims to formulate several schemes, initiatives, projects and measures ...

IndiaTechnology
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Background

The Union Cabinet on February 28, 2019 has approved the National Policy on Software Products to develop India as a Software Product Nation and aims to formulate several schemes, initiatives, projects and measures for the development of Software products sector in the country and also, to position India as a hub for software products development. The drive behind this policy is to accelerate the growth of entire spectrum of IT industry in the country. The preamble of the Policy states that according to NASSCOM the Information Technology and Information Technology Enabled Services (IT-ITES) industry is generating an estimated revenue of around USD 168 billion, including export of USD 126 billion on an annual basis, which is around 8% contribution to India's GDP. The industry is also one of the largest organised sector employers, generating nearly 14 million direct and indirect jobs. It is further estimated that the industry can contribute up to 350 billion

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