exports

The Hindu Business Line
V. Rishi Kumar

The areas that have been overlooked relate to the implications that innovation can bring about in cost savings. This is important as countries in the Eastern Europe are closing up in some areas.

INDIA could potentially accelerate the overall IT exports by a whopping $15 billion-20 billion by the year 2010, if it focuses on multi-dimensional innovation, according to National Association of Software and Services Companies (NASSCOM).

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Kiran Karnik
The Times of India

It has been an outstanding year for the Indian IT industry. The financial year clocked the highest growth of the decade (34%) in exports, which totalled US $17.2 billion. The closing days of the year brought fresh cheer. The NASSCOM McKinsey Report 2005 revealed that if the present looks good, the future seems even brighter. It sees the Indian IT industry becoming as important as Japan's automobile industry, French fashion or Saudi petroleum. At present, India's share in the global software industry is about 3%. We dominate the offshoring market, with 65% and 46% share in global IT and BPO respectively. The report estimates the global offshoring market is almost ten times the present size. Keeping this in mind, and looking at other aspects of demand and supply, the report concludes that the Indian IT industry can generate export revenues of $60 billion in 2010.