India’s IT, ITeS Exports Soar 33% to $23.6 Billion

The overall growth of the industry including both exports and the domestic market registered a 31% increase to reach $29.6 billion


Exports of Indian IT and IT enabled Services (ITeS) continued to grow for the fourth year in a row with an increase of 33% to touch $23.6 billion in ’05–06, according to reports by India’s industry association, Nasscom.

The overall growth of the industry including both exports and the domestic market registered a 31% increase to reach $29.6 billion according to the annual Nasscom report.
Though the projected growth in the exports for the year ’06–07 will continue to outstrip the growth in the domestic market, the industry is expected to meet its target of being a $60-billion industry by 2010.

Nasscom has also projected that exports will grow 27%–30% in ’06–07 to $29–$31 billion, while the overall industry is expected to grow 25%–28% to $36–$38 billion.

Of the total exports in ’05-06, IT software and services grew by 33% to $17.3 billion, while exports of the BPO industry grew 37% to $6.3 billion. For the year ’06-07, Nasscom has estimated that exports of software and services will increase to $21–$22 billion, while BPO exports will touch $8–$8.5 billion.

The domestic market for software is estimated to reach $6 billion in the current year from $4.8 billion in the previous fiscal year.