International Journal of Management, IT & Engineering Vol. 8, Issue 8(1), August(1)- 2018, ISSN: 2249-0558 Impact Factor: 7.119 Journal Homepage: http://www.ijmra.us, Email: editorijmie@gmail.com Double-Blind Peer Reviewed Refereed Open Access International Journal - Included in the International Serial Directories Indexed & Listed at: Ulrich's Periodicals Directory ©, U.S.A., Open J-Gate as well as in Cabell’s Directories of Publishing Opportunities, U.S.A 155 International journal of Management, IT and Engineering http://www.ijmra.us, Email: editorijmie@gmail.com Financial Performance of IT Sector in India Dr. Rupal Patel 1 Radhika Sunilkumar Joshi 2 Abstract This is the age of ITC- Information Technology and Communication. IT sector plays a critical role in economic growth and development of the economy. A countries of Economy depends on the performance of IT. Today Computer based digital technology is used in both private sector and public sector of the economy. IT sector has become backbone of all industries because of wide scale uses of computer based technology. Indian economy has become digital hub of world with around 75% of global digital talent present in the county.The role of IT industry in enhancing the economic development of the country has been acknowledged by the government of India. This paper focus on the status and performance of IT sector in Indian Economy in the recent years on the basis available secondary data. . Keywords: Information Technology, IT Sector, Indian Economy, Global Economy Copyright © 2018 International Journals of Multidisciplinary Research Academy. All rights reserved. Introduction IT / ITES industry in India has seen an unparalleled growth since the last decade. Various initiatives of Government of India and the State Governments like, liberalization of external trade, elimination of duties on imports of information technology products, setting up of Export Oriented Units (EOU), Software Technology Parks (STP), relaxation of controls on both inward and outward investments and foreign exchange, and Special Economic Zones (SEZ), have helped IT industry to gain dominant position in world’s IT scenario. So we can say that the IT industry has matured over the years and has proved to be a major contributor to the global economic growth. 1 Associate Professor, BJVM Commerce College, Vallabh Vidyanagar 2 Research Scholar, Sardar Patel University