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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

$200 B software exports : I can do it

si Team
Wednesday, March 1, 2006
si Team
The Indian software story seems to be headed in the right direction. In fiscal 04-05 the Indian IT industry was worth $17 billion and keeping with its double-digit growth, it will cross the $36 billion mark this fiscal.

Such impressive growth has confirmed the industry belief that the Indian IT industry will be worth a whopping $60 billion by 2010.

At the annual Nasscom summit 2006, held at Mumbai, India, chief executive of India’s biggest IT services exporter Tata Consultancy Services and Nasscom chairman S. Ramadorai said, “The Indian IT-ITeS sector continues to chart double-digit growth and is expected to exceed $36 billion in annual revenue in FY06. Out of this, software and services exports are estimated to grow by 32 percent, to reach $23.4 billion in FY06. Indian IT-ITES is well on track to achieve the targets that the industry aspires to achieve by the end of the decade- $60 billion 2010.”

No lofty ambitions. Indeed the growth is happening. However President Dr.APJ Abdul Kalam who was the chief guest at the event said the country should aim at having a $200 billion IT industry by 2010.

“Aim high, so I want the market to reach by 2010 a volume of $200 billion,” Kalam remarked. In a short Q&A-session that soon followed, a delegate asked the president how such a growth could be achieved? The President replied that there were three answers: “First: I can do it!” He paused. “And second: I can do it and third: I can do it!”
Adding to the President’s ‘I can do it’ attitude, Ramadorai said the growth is achievable but India has be innovative and must have a master plan for R&D.

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