Govt expects IT exports to touch $80 bn by 2011

IT minister says, "we are confident that our exports will boom despite the perceived odds against outsourcing and increasing competition."

The government on Wednesday said it expects IT exports to touch 80 billion dollars by 2011, growing at an average rate of 30 per cent annum.

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"Our IT exports were a few million dollars in the early 90s and now it is around 37 billion dollars. We expect the IT exports turnover to touch 80 billion dollars by 2011, growing at an annual rate of 30 pc per annum," IT Minister A Raja said at a function.

"We are confident that our exports will boom despite the perceived odds against outsourcing and increasing competition," he said.