The country’s software and business process outsourcing exports are expected to rise 5.5 per cent to touch $50 billion in the current fiscal (2009- 10), industry body Nasscom said on Thursday.
The estimation is in line with an earlier forecast of 4-7 per cent given by Nasscom. The industry was optimistic to reach the $50 billion milestone export target in the current fiscal.
For 2010-11, it hopes that IT and BPO exports should grow at an annual 13-15 per cent to touch $56-57 billion as the slowdown peters out and the world economy recovers boosting demand for outsourcing. The sector’s export growth had been slowing down from 32 per cent five years ago to single digits of late.
Releasing the Indian IT-BPO sector performance estimates for FY09-10, Nasscom said “export revenues for the Indian IT- BPO industry are expected to record a growth of 5.5 per cent, to reach $49.7 billion in FY 09-10.
Source:http://economictimes.indiatimes.com/infotech/ites/Software-BPO-exports-to-touch-50-bn-may-grow-15-pc-in-FY11/articleshow/5535513.cms
