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IT exports to reach $60 B by 2008: ESC
By agencies
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Monday, 01 August 2005, 19:30 IST
NEW DELHI: Total IT exports, including hardware, software and IT-enabled services, are expected to touch the $60 billion mark by 2008, having increased by 164 percent between 2000-01 to 2004-05, according to the Electronics and Computer Software Export Promotion Council (ESC).
In absolute terms, IT exports have grown from $7.3 billion in 2000-01 to $19.3 billion in 2004-05.
"The pace at which IT exports are growing gives us the impression that the target of $60 billion by 2008 will be achieved," the ESC Executive Director, D.K. Sareen, said in a release.
Between 2000-01 and 2004-05, export of computer software and related services (excluding ITES) has almost doubled and if this trend continues, export from this segment will touch Rs 1,00,000 crore ($25 billion) by 2007-08, ESC said.
The council said the export of IT-enabled services has grown by 121 percent between 2002-03 and 2004-05, recording the highest percentage of growth in the IT sector. Exports have gone up from $2.4 billion to $5.3 billion during this period.