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April 9, 2002 | 1340 IST
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Money > Business Headlines > Report April 9, 2002 | 1340 IST |
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Software, IT services exports up 40%BS Corporate Bureau India's exports of computer software and IT-enabled services grew close to 40 per cent in rupee terms in 2001-02 at Rs 385 billion as compared to Rs 275 billion registered in the previous financial year. In dollar terms, the growth during the period was 31.43 per cent due to the depreciation of rupee against the dollar, the Electronics and Computer Software Export Promotion Council, said in a statement. As per provisional figures compiled by the ESC, combined exports of computer software and hardware touched Rs 443 billion during April-March 2001-02, as against Rs 322.88 billion a year earlier, posting a growth of 37.20 per cent. In dollar terms, the growth was 28.79 per cent with combined exports of $9 billion during April-March 2001-02 as compared to $7 billion in the same period the previous year, ESC said. "Steady growth in the exports of computer software is the combined effect of software giants setting up bases in India to meet their global software requirements in the aftermath of September 11," DK Sareen, executive director, ESC said, commenting on the factors behind the healthy two-digit growth. He said gradual market penetration by India in non- traditional markets like the European Union, Australia, Japan and China and increased receivable from IT-enabled services like back-office operations, had also contributed to the growth in exports. Export of electronics hardware grew at 21.4 per cent for April-March 2001-02 as compared to the same period in the previous year, ESC said. In absolute terms, the electronics hardware exports clocked Rs 58 billion in the fiscal 2001-02 as compared to last year's Rs 47.88 billion. Giving out the outlook for the year ahead, ESC has said that the infotech sector is looking at aggressive export figures. "We are looking at the aggregate export figures to ascertain the top destinations of exports and top players ," said Sareen. Powered by ALSO READ:
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