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.
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.
As per the estimates, the Indian software
product industry accounts for 1.48% of global market and government's mission to increase it by 10 fold will take it to $148 billion by 2025.
The IT Industry in India is around $143 billion and is expected to grow to $350 billion by 2025, as per industry body Nasscom.
The draft policy
aims to create conducive environment for creation of 10,000 technology startups to develop software
products that are globally competitive and thereby generating a direct and in-direct employment
for 3.5 million persons.
"The policy targets to achieve a goal of creation of 10,00,000 jobs
by 2017, and additional 25,00,000 by 2025," the draft said.
According to the draft policy, the government
has promised that it will create an "enabling framework for inclusion of Indian software
product in government
procurement" and promote their usage "in strategic sectors like Defence, Atomic Energy, Space, Railways, Telecommunication, power and healthcare etc".
Among various measures, the government
aims to leverage the start-up India initiative under the proposed policy to ensure ease of business and to address concerns that may be specific to the software
product industry through an Inter-Ministerial Coordination Group.
The draft policy
has provision to create a specialised talent pool of 10,00,000 professionals by 2025 conversant with nuances of software
product development that can support the growth of software