Information technology outsourcing and its effects on Indian economy

Outsourcing is defined as providing a firm?s functions which were previously done within the enterprise from another firm located at home country or a foreign country.Not only outsourcing of manufacturing activities but also outsourcing of service activities to foreign countries is spreading rapidly in this century. In this regard, India, has an important place in emerging economies and takes eyes on it with its success in integration with world economies. India has made a big leap in services outsourcing, and created the most significant export revenue.Indian private sector works differently from other emerging economies and has a competetive power which is based on bigger and more effective production. India which has attracted attention with a rapid growth since 1990, is expected to be one of the biggest economies of the world by 2050.In this study, development of Indian economy will be examined, and it will be explained that how success of Indian IT Sector has occured so that Turkey may benefit from this experience in determining its strategies about future.