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Orgo-Life the new way to the future Advertising by AdpathwayIndia's IT industry was built not just on Y2K, but on the 1991 reforms that opened capital, technology, telecom and global markets, creating a powerful engine of exports and foreign exchange
 "tech, economy, it service")
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From easing access to capital markets to freeing software and technology imports, the 1991 reforms laid the foundations for the rapid growth of the information technology industry, which today generates over $250 billion in revenues (Photo: Reuters)
Shivani ShindeAvik Das Mumbai/ Bengaluru
8 min read
Last Updated :
Aug 11 2026 | 11:34 PM
IST
When most people think about the defining moment for India’s information technology (IT) services sector, chances are that the year 2000 will come to mind. That was the height of the Y2K mania, a time when the global technology industry was reeling from the dotcom bubble that burst in the United States.
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