According to a recent CRISIL study released today, the IT and ITeS services sector has a multiplier effect on the Indian economy with every input of a rupee resulting in a 100 per cent return. The study, conducted for NASSCOM, says, "Every rupee spent by the IT-ITeS sector translates into a total output of 2 rupees in the economy." Analysing the expenditure on operating expenses, capital expenditure and consumption spending by professionals in the sector, it notes that for every job created in the sector, four are created in the rest of the economy.
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