IT industry should focus on domestic market: DeitY

He said though India has done well in IT exports,it has to do a lot in domestic market which has a huge potential.

For the domestic sector,the industry “should focus on inclusive growth in sectors such as healthcare,education and e-governance services,” he said.

“The domestic IT market is worth USD 20 billion,which is 10 per cent compared to 80-90 per cent in developed economies,” he said.

In India,the penetration of Information Communication Technology (ICT) is extremely low which means it presents a huge opportunity,Satyanarayana said,adding that India IT industry has potential to grow upto 400 billion.

He said the investments have to be driven to tier-2 cities. The Centre is investing Rs 20,000 crore on laying optical fibre cable to connect 250,000 gram panchayats by 2013,he added.

“Now,it is growing at 8-10 per cent and to achieve this,the industry has to grow at 14-15 per cent pro rata in eight years,” he said.