According to IT Secretary, Ajay Prakash Sawhney, India has an estimated USD 1.9 billion (about Rs 13,500 crore) in cybersecurity service business, and USD 450 million (about Rs 3,200 crore) of cybersecurity products business. “There is also the presence of multinational and Indian entities which engage in R&D in cybersecurity, all of it currently amounts to USD 5 billion (about Rs 35,500 crore) worth cybersecurity ecosystem in India," he says.
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