Software exports up 32% in FY07 at $31.3 billion: Govt

Software exports up 32% in FY07 at $31.3 billion: Govt


New Delhi: India’s software and services export is estimated to have grown at a robust 32% to $31.3 billion (Rs1.41 lakh crore) for 2006-07, as per the official figures of Department of Information Technology.

During 2006-07, electronics and IT exports are estimated to be Rs1,53,300 crore, compared to Rs1,13,725 crore in FY05 -06, a growth of about 35%.

The software and services sector continues to show a robust growth and the total value of industry export is estimated at Rs1,41,800 crore ($31.3 billion) in FY06-07, compared to Rs1,04,100 crore ($23.6 billion) in FY05-06, an increase of over 32% in dollars and 36% in rupee terms, DIT said in its estimate for the referred year.

IT association Nasscom has already announced its findings for 2006-07 according to which Indian IT software and services Revenues will reach $50 billion mark in FY 07-08. The industry recorded a revenue of $39.6 billion in FY 2006-07; exceeding earlier forecast of 27% to register a growth of 30.7%.

Industry revenues projected to grow at 24-27% in FY 2007-08.

Software and services exports grew 33% to post revenues of $31.4 billion in FY 2006-07 up from $23.6 billion in FY 2005-06. The domestic segment grew 23% with revenues at $8.2 billion in FY 2006-07, up from $6.7 million, said Nasscom.

Within the export segment, IT services exports have grown by 35.5% to clock revenues of $18 billion; while ITeS-BPO exports up by 33.5% to clock revenues of $8.4 billion.

Engineering services and products export revenues were at $4.9 billion, up 23%, said Nasscom.