The 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 policy will “strive for a tenfold increase in share of the global software product market by 2025 by promoting easy access to local domestic/international market for software product” and “create 3.5 million direct and indirect jobs by 2025”, the draft said. The software product industry is estimated to be $411 billion globally today and is expected to reach around $1 trillion by 2025. “However, in India the software product industry is still in its infancy stage. The total revenue of software product industry in India is $6.1 billion, out of which $2 billion is from exports,” the draft said.