Software exports to cross $ 40 billion in 2007-08: Govt | india | Hindustan Times
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Software exports to cross $ 40 billion in 2007-08: Govt

india Updated: Jul 27, 2008 21:22 IST

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Department of Information Technology has projected over 28 per cent rise (in dollar terms) in the total value of software and services exports in 2007-08.

In 2007-08, the software and services industry continues to show a robust growth and the total value of software and services exports are estimated at Rs 163,000 crore ($ 40.3 billion) compared to Rs 141,000 crore ($31.4 billion) in 2006-07, an increase of 15.6 per cent in rupee terms and 28.3 per cent in dollar terms, DIT said in its estimate.

The electronics and IT exports are estimated to be Rs 1,75,700 crore compared to Rs 1,53,500 crore in 2006-07, showing a growth of a 14.5 per cent, it said.

Industry body Nasscom had announced earlier that the country's software and services exports grew 29 per cent in 2007-08 to cloak a revenue of 40.4 billion dollar, up from 31.4 billion dollar in the previous year.

The overall IT-BPO industry, including the domestic market, recorded a 28 per cent growth to touch 52 billion dollar revenue in 2007-08, Nasscom had said.

The IT industry body had said the software and services revenue is expected to grow between 21 and 24 per cent in the current fiscal, with the export segment forecast to reach 50 billion dollar.

Giving an indication of strong performance this fiscal country's top four software exporters-- Tata Consultancy Service, Infosys, Wipro and Satyam --have posted good quarterly results although fears of delay in decision making by the top clients of these companies loomed large due the slowdown in the US economy.