INFORMATION TECHNOLOGY SECTOR The Indian Information Technology (IT) sector is estimated to have grown by 19 per cent in the financial year 2011, clocking revenue of $76 billion. At present, there are 100 million Internet users in the country which is nearly 8.5% of the total population India continues to be the most preferred destination for companies looking to offshore their IT and back-office functions. According to a report prepared by McKinsey for NASSCOM, the exports component of the Indian industry is expected to reach US$ 175 billion in revenue by 2020. The domestic component will contribute US$ 50 billion in revenue by 2020.