India has progressed in terms of technology remarkably. It is one of the foremost countries in terms of technology be it Information Technology, pharmaceuticals, space technology or even telecom sector. India has come up as a global provider of software and business process services. The growth of IT industry has been remarkable with a constant 30% growth every year since last 10 years. It contributes about $47 billion in revenue and employs more than 1.6 million people. Several R&D startups can be seen in India and PE investors and VC funds are lining up and have made investments of $7.5 billion in 300 deals last year. The telecom sector too has made remarkable progress making its place in the global industry. India is the third largest network in the world after China and the U.S.