This a post by my Ex-Boss at HCL.
http://ssahani.blogspot.com/2007/08/s-curve-and-indian-software-industry.html Here I am pasting the first para of the post:-
Except for a brief period of 2001-2003, the present generation has only seen the rise of Indian IT industry, right from the inception in mid 70's, through the slow growth of 80's and phenomenal growth in 90's and beyond...and all of us believe that this phenomenon will continue till eternity.