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India’s 2009-10 software export growth seen 5.5%

India’s 2009-10 software export growth seen 5.5%
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First Published: Thu, Feb 04 2010. 12 26 PM IST
Updated: Thu, Feb 04 2010. 12 26 PM IST
New Delhi: India’s software and services exports should rise 5.5% in the year to March 2010 to $49.7 billion, an industry body said on Thursday, in line with an earlier forecast for 4-7% expansion.
In the year to March 2011, they should grow an annual 13-15%, with the recovering world economy boosting demand for outsourcing, the National Association of Software and Service Companies said.
The sector’s export growth had slowed to 16% in 2008-09 from more than 20% in previous years for outsourcing.
Business has been picking up and leading companies such as Tata Consultancy services, Infosys Technologies and Wipro beat quarterly forecasts.
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First Published: Thu, Feb 04 2010. 12 26 PM IST
More Topics: Technology | Software | Export | India | Nasscom |