'Indian IT exports to be higher than anticipated'
Friday, 29 October 2010, 06:00 IST
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Bangalore: India's IT exports this fiscal would be higher than anticipated, given the strong second quarter numbers posted by some big companies, Infosys Technologies CEO S Gopalakrishnan said today. IT exports are estimated to grow between 13 per cent and 15 per cent in 2010-11, up from about five per cent in the previous year, he said. "I believe that given the strong performance in the second quarter by the Indian (IT) companies, this number probably will get revised upwards," Gopalakrishnan said at IT.Biz, an annual, state-sponsored event here. TCS and Infosys, India's top two software exporters, posted robust second quarter performance, with double digit sequential revenue growth. "Overall, the IT-BPO industry is expected to touch around USD 71.7 billion this year, accounting for about 5.8 per cent of our GDP", Gopalakrishnan said. He said the IT industry would create 1.5 lakh to 1.
Source: PTI
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