The National Association of Software and Service companies (NASSCOM) said that the country’s software exports would grow 30 per cent growth at Rs. 47,5000 crore. The software export revenues for 2002-02 grew at 29 per cent growth at Rs. 36,500 crore from Rs. 28,350 crore in 2000-01
“Despite the challenging environment in the global market the Indian information technology sector has managed this high level of growth this industry has witnessed the fastest growth in the world. The IT services sector grew 22 percent and IT enabled services sector (ITES) grew a71 percent in 2001-02,” Kiran Karnik, President of Nasscom, said.
Giving the break-up of growth projections, a Nasscom survey said ITES would grow 65 percent in 2002-03, while pure software exports would grow 22 percent.
“The software export sector has become one of the biggest contribution to India’s exports, with its share going up to 16.5 per cent. The 29 percent export growth is enviable in view of 2 percent export growth for the Indian economy as a whole,” Karnik said.
In the software services exports, while IT services contributed 81 per cent of revenues, the ITES sector contributed 19 per cent.