13 March, 2005

IT boom opens bubbly for allied biz -The Economic Times:
The IT industry’s growth is having a significant multiplier effect on India because of a rising class of younger consumers with high disposable incomes, says a study. The IT-ITES industries growth in metros as well as Tier 2 cities has also led to a surge in demand for real estate and construction and account for an estimated 26% of hotel room occupancy in the metro cities and over 18% of all airline capacity – higher than any other single sector of the economy. The Indian IT industry employs over 850,000 professionals.

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