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IT services exports dipped to 14.6 percent in FY08-09
By SiliconIndia | Thursday, 10 December 2009, 18:22 Hrs |
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New Delhi: The government on Thursday said the growth rate of the IT and IT-enabled services exports has declined to 14.6 percent in 2008-09 compared to 30 percent growth in the last few years.
"The Indian IT and ITeS sector has witnessed some slowdown in comparison to its historical rate of growth. The growth rate of the IT-ITeS exports has declined to 14.6 percent as compared to around 30 percent in the last few years," Minister of State (MoS) for Communications and Information Technology Sachin Pilot said in a written reply to the Rajya Sabha, reports PTI.
The total export revenue of this sector is estimated at $ 46.3 billion in 2008-09 as compared to $ 40.4 billion in 2007-08, he added. Pilot said the revenue from the domestic market has grown from $ 4.8 billion in 2004-05 to $ 12.4 billion in 2008-09 in 2008-09, a CAGR of 26.69 percent.
The growth rate of the domestic market has dipped to around six percent in 2008-09, he said. In reply to another question, Pilot said, "The government of Manipur has launched a pilot project by engaging OLPC (one laptop per child) for e-learning. The project includes supply of 1,000 OLPC laptops along with pre-loaded software and costs associated with training and demonstration."
"The Indian IT and ITeS sector has witnessed some slowdown in comparison to its historical rate of growth. The growth rate of the IT-ITeS exports has declined to 14.6 percent as compared to around 30 percent in the last few years," Minister of State (MoS) for Communications and Information Technology Sachin Pilot said in a written reply to the Rajya Sabha, reports PTI.
The total export revenue of this sector is estimated at $ 46.3 billion in 2008-09 as compared to $ 40.4 billion in 2007-08, he added. Pilot said the revenue from the domestic market has grown from $ 4.8 billion in 2004-05 to $ 12.4 billion in 2008-09 in 2008-09, a CAGR of 26.69 percent.
The growth rate of the domestic market has dipped to around six percent in 2008-09, he said. In reply to another question, Pilot said, "The government of Manipur has launched a pilot project by engaging OLPC (one laptop per child) for e-learning. The project includes supply of 1,000 OLPC laptops along with pre-loaded software and costs associated with training and demonstration."
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