Indian IT Industry 4th wave

This is an excerpt from Vivek Wadhwa's article in business week.
Some key facts are as below.

In 20 years Indian IT industry grown up to $73 Billion.
Regular growth 15%, growth during recession 6%.
In 1990 it started with low level IT work and Y2k remediation.
In 2000's they started R&D. around $10 Billion is production from R&D from India.
Now the IT workers have around 10 Years of experience.They are becoming entrepreneurs. Average age of entrepreneurs in America is 39.
500,000 engineers come out of colleges in India.
Fastest going mobile market in the world with 20 million new subscribers every month.

Read the full story here.
http://www.businessweek.com/technology/content/dec2010/tc2010128_116888.htm

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