Indian software exports to N America dip in 2002-03

By SiliconIndia   |   Tuesday, 27 May 2003, 07:00 Hrs
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The share of North America in India's computer software and related services exports has declined by 4.92 per cent to 61 per cent in 2002-03 though it still remains a major destination for India's IT exports.

NEW DELHI: India's total exports of computer software and services to the region was 64.19 per cent in 2001-02, according to provisional statistics by Electronics and Software Export Promotion Council (ESC).

In dollar terms, exports notched a turnover of $5.84 billion in 2002-03 as against $4.91 billion in the previous year, ESC said, an increase of 18.88 per cent.

Exports to Europe were up 33.82 per cent in 2002-03 to touch $2.35 billion from $1.79 billion in the previous years.

To Japan, Korea and other Far East countries, Indian exports have gone up by 13.45 per cent in 2002-03 touching $354 million, ESC said.

The market-share of Indian IT products to EU market has gone up by 5.03 per cent.

The Middle-East market saw a whopping 200 per cent jump in exports while African countries registered a 232 per cent growth in exports and Australia and other Oceanic countries, 43 per cent.

"This is a good augury that there is a clear indication of emergence of alternative markets in Europe, Japan, Middle East and African countries which is imperative to hedge the risk of putting everything in the US market", ESC ED, DK Sareen said.

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