abhishreshthaa
Abhijeet S
India has emerged as the fastest growing and the fourth largest IT market in Asia Pacific, according to an IDC study.
The industry (exports and domestic combined) is expected to touch Rs 247,000 crore (US$ 53.2 billion) by 2008 compared to Rs 87,000 crore (US$ 18.7 billion) in 2003, thus growing at a CAGR of 23.1 per cent.
Exports of the Indian software and services sector was Rs. 78,230 crore (US$ 17.2 billion) in 2004-05, up 34 per cent from Rs. 58,240 crore (US$ 12.8 billion) in 2003-04
With satisfactory growth of the Indian ITES-BPO sector both on-shore as well as offshore, export revenues from this sector increased rapidly from US$ 2.5 billion in 2002-03 to US$ 3.6 billion in 2003-04 and further to US$ 5.1 billion in 2004-05.
The output of the Indian electronics and IT industry was Rs. 1,48,360 crore (US$ 33 billion) during 2004-05, up 25.4 per cent from Rs. 1,18, 290 crore (US$ 26 billion) in 2003-04
The number of professionals employed in India by IT and ITES sectors is estimated at 10, 45,000 as on March 31, 2005.
The break-up in terms of exports and domestic revenues is in favour of exports, which will increase its share from 65 per cent to 71 per cent during 2003-08. In 2003-04, value of software and services export is estimated to have increased by 30 per cent to US$ 12.5 billion.
The Software Technology Parks of India have reported software exports of Rs. 31,578 crore (US$ 6,947 million) during April-December 2004-05 as against Rs. 22,678 crore (US$ 4,913) during the corresponding period in 2003-04.
The industry (exports and domestic combined) is expected to touch Rs 247,000 crore (US$ 53.2 billion) by 2008 compared to Rs 87,000 crore (US$ 18.7 billion) in 2003, thus growing at a CAGR of 23.1 per cent.
Exports of the Indian software and services sector was Rs. 78,230 crore (US$ 17.2 billion) in 2004-05, up 34 per cent from Rs. 58,240 crore (US$ 12.8 billion) in 2003-04
With satisfactory growth of the Indian ITES-BPO sector both on-shore as well as offshore, export revenues from this sector increased rapidly from US$ 2.5 billion in 2002-03 to US$ 3.6 billion in 2003-04 and further to US$ 5.1 billion in 2004-05.
The output of the Indian electronics and IT industry was Rs. 1,48,360 crore (US$ 33 billion) during 2004-05, up 25.4 per cent from Rs. 1,18, 290 crore (US$ 26 billion) in 2003-04
The number of professionals employed in India by IT and ITES sectors is estimated at 10, 45,000 as on March 31, 2005.
The break-up in terms of exports and domestic revenues is in favour of exports, which will increase its share from 65 per cent to 71 per cent during 2003-08. In 2003-04, value of software and services export is estimated to have increased by 30 per cent to US$ 12.5 billion.
The Software Technology Parks of India have reported software exports of Rs. 31,578 crore (US$ 6,947 million) during April-December 2004-05 as against Rs. 22,678 crore (US$ 4,913) during the corresponding period in 2003-04.