Research of How Profitability Affects Capital Structure in the Indian IT Industry

Together, the digital economy and the information and communication technology (ICT) industry make up around 13 percent of India's GDP, making them two of the country's primary economic engines. India hopes to expand its ICT sector to $1 trillion within the next 5 years, or 20% of its projected GDP. The National Association of Software and Services Companies predicts that India's IT sector would reach $245 billion by 2023, based on an 8.4% annual growth rate.