'Indian IT exports to be higher than anticipated'

Thursday, 28 October 2010, 17:30 Hrs
Printer Print Email Email
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
SPOTLIGHT
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..