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IT exports revenue estimated at $17.2 B
By agencies
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Friday, 13 May 2005, 19:30 IST
NEW DELHI:Indian software and services export is estimated to have touched $17.2 billion in 2004-05, posting a 34 percent growth in both rupee and dollar terms.
The Indian software and services export is estimated at Rs 782 billion ($17.2 billion) in 2004-05 compared to Rs 582 billion ($12.8 billion) in 2003-04, an increase of 34 percent both in rupee terms and dollar terms.
This segment will continue to show robust growth in future also, Department of IT officials said.
The value of ITES-BPO exports from India is expected to exceed $5 billion mark in 2004-05.
With export revenues from ITES-BPO growing from $2.5 billion in 2002-03 to $3.6 billion in 2003-04, a year-on-year growth of 44 percent was achieved. In 2003-04, ITES-BPO exports accounted for over 27 percent of the total export revenue earned by the Indian IT-ITES industry.
The total number of IT and ITES-BPO professionals employed in India has grown from 2,84,000 in 1999-2000 to over a million in 2004-05, growing by over 1,60,000 in the last year alone.