Monday, July 28, 2008

Software exports to cross $40 bn in ‘07-08: Govt

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 (USD 40.3 billion) compared to Rs 141,000 crore (USD 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.

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