With a solid recovery in necessary markets these types of as the US and Europe, Indian IT and BPO export is likely to grow three-fold to USD 175 billion in earning by end -this decade, apex application business body Nasscom believed today.
However, in 2011, the IT industry is planning to witness a flat rise at 18%. Last year, revenues based on information from utility exports and BPO services stood at USD 59 billion, it said.
IT, BPO export to inflate 3-fold to $175 bn by 2020: Nasscom
"IT might continue to play a significant role in the transformational agenda of India. Export revenue is expected to substantiate three times at USD 175 billion by 2020. However, among the various segments in the sector, the IT segment will remain to perform proper as opposed to the BPO industry and service and engineering products," Nasscom President Som Mittal told reporters here.
India contributes about 55% to the out of country outsourcing of IT-ITES services and close to 26% in the exports market. Of the total export in FY 10, IT services seen a rise of 27% tracked by BPO at 12% and software production at 10%.
In FY 11 as well, significant export revenue came from IT segment.
Nasscom, that should conduct its 19th leadership forum here from February 8-11, also forecast the present the fresh decade will witness a major demographic shift, overly would electricity the inflation of sectors these types of as retail, health and education the would start along with IT services.
"About 80% swell will be driven outside the current core and traditional sectors, verticals and customer segments," Mittal said.
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However, in 2011, the IT industry is planning to witness a flat rise at 18%. Last year, revenues based on information from utility exports and BPO services stood at USD 59 billion, it said.
IT, BPO export to inflate 3-fold to $175 bn by 2020: Nasscom
"IT might continue to play a significant role in the transformational agenda of India. Export revenue is expected to substantiate three times at USD 175 billion by 2020. However, among the various segments in the sector, the IT segment will remain to perform proper as opposed to the BPO industry and service and engineering products," Nasscom President Som Mittal told reporters here.
India contributes about 55% to the out of country outsourcing of IT-ITES services and close to 26% in the exports market. Of the total export in FY 10, IT services seen a rise of 27% tracked by BPO at 12% and software production at 10%.
In FY 11 as well, significant export revenue came from IT segment.
Nasscom, that should conduct its 19th leadership forum here from February 8-11, also forecast the present the fresh decade will witness a major demographic shift, overly would electricity the inflation of sectors these types of as retail, health and education the would start along with IT services.
"About 80% swell will be driven outside the current core and traditional sectors, verticals and customer segments," Mittal said.
Read More Here
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