By Louis Navellier of InvestorPlaceAs the recovery has gained momentum, businesses have started spending again and returned to growth mode. While it's true that companies may not be hiring more workers just yet, they are indeed spending their cash on ways to improve efficiency and profits such as upgrading IT systems or reducing tech support costs. That makes tech stocks in India a great investment right now. During the tech boom of the 1990s, the Indian software industry grew from a $150 million business at the dawn of the decade to a staggering $5.7 billion (including over $4 billion worth of software exports) in 2000. And now? The software industry exports over $50 billion a year and is one of the tech centers of the world. Though agriculture and basic industry are larger portions of India's GDP, no other group of businesses have performed as well in the last few decades as the nation's tech sector. What's more, the growth shows no sign of slowing. India's software and service exports in 2009 grew by more than 15% even in a tough economic climate. With an average annual GDP growth rate of 5.8% for the past two decades, the Indian economy is among the fastest growing in the world and continues to provide great conditions for tech stocks. To help you capitalize on this growth of tech in India, following are my top three Indian tech stocks:
India's Wipro ( WIT) is one of the leading providers of system integration and help desk services in the world.