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India leads in IT export: World Bank

By SiliconIndia | Wednesday, 22 April 2009, 20:05 Hrs | 8 Comments

Washington: India leads all countries in exports of information communication technology (ICT) services, says the World Bank.

India's exports from the ICT sector increased from about $5 billion in 2000 to over $30 billion in 2006. This accounts for about 42 percent of total service exports, the bank said in its latest report titled 'World Development Indicators 2009'.

At a time when there is a global recession and lay-offs, India's software industry employs about 1.6 million people, the report said.

China, which is at a distant second, is the next largest ICT services trader, with about $5.5 billion in ICT service exports, the report said.

According to the report, China and India were among the fastest-growing exporters. Export growth was led by manufactures in China and by services in India.

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Reader's comments(8)

1: After all des....US econy is not in recesion....the dollar value increasing day by day in this period. And its all stupid Number game....

Posted by:HARIS - 26 Apr, 2009

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2: whats the use..?all manufacturing/production are offshored to china and all IT/Services are offshored to India. So obvioulsy one can boast that we are the largest exporter. But the current situation isnt so. After the Global economic depression the 3rd world nations will consequently suffer. We started living in a globalization era where a small bakruptcy in US wuld make a large impact in india.

Posted by:deepak - 23 Apr, 2009

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Exactly! Moreover we east asian nations are exporting our goods and services in the hope of developing and the US is making use of our resources without paying us. That's one of the reasons for the 11 trillion dollars that the US owes today to the east asian nation. We keep producing and they keep consuming. In addition they give away money to their public in the form of loans with 0% interest. Inspite of that they are not able to recover the money. And they give bail outs. Close to 1 trillion dollars has been bailed out. Whose money is that? Where is the US generating this money from. We are fools to produce for them, help them live luxurious lives and even forget about the money that they owe us.

krishna Replied to: deepak - 24 Apr, 2009

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4: It is good to know about our service export. But still we are lagging in manufacuring sector.Hope our IT sector will lead on manufacturing and development also.

Posted by:Vaibhav - 23 Apr, 2009

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5: India and China are the two emerging nation from Asia which are growing globally in varoius sector.And IT is booming to its highest level.India has a major share in the IT sector no doubt the growth has become from 2000.
Hope in near future our country moves into a monopolistic IT market

Posted by:Anupam Rout - 23 Apr, 2009

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6: its always india and china, who growth is apparently making an impact.

Posted by:rupal - 22 Apr, 2009

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Just more thankfully if India get non-corrupt netas who really think for citizens, then picture will be better

gaurav Replied to: rupal - 23 Apr, 2009

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For getting out of turn favours, it is the people who want corrupt politicians. Please never ever point a finger at our noble politicians.......

maya Replied to: gaurav - 23 Apr, 2009

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