Interesting facts - Nandan Nilkeni
The numbers were also encouraging. In 2006, India accounted for 65% of the global offshore IT market and 46% of the BPO market. And, R&D spending grew about four times the global average.
2006 was also the year that India and China came to be spoken of in the same breath. Interestingly, at the start of the industrial revolution, India and China contributed close to 45% of the global GDP. By 1970 this figure had shrunk to 7%. Now it is on the rise again. It is expected to climb to 30% by 2040.
from a post by Nandan Nilkeni in the Infosys Think Flat Blog