Government has issued the draft of first ever National Software Policy with an aim to increase share of Indian software products in global market by 10 fold to estimated $148 billion and create employment opportunity for 3.5 million people by 2025. The IT Industry in India is expected to grow to $350 billion by 2025, as per industry body Nasscom. According to the draft policy, the government has promised that it will create an “enabling framework for inclusion of Indian software product in government procurement” and promote their usage “in strategic sectors like Defence, Atomic Energy, Space, Railways, Telecommunication, power and healthcare etc”. The draft policy has provision to create a specialised talent pool of 1,000,000 professionals by 2025 conversant with nuances of software product development that can support the growth of software product industry.

(Economic Times)