Indian IT exports to grow by 35%

The Indian IT and IT enabled services exports from India are seeing a good traction and the rate of growth is expected to be between 30-35 per cent in 2005-06, according to the apex body of software and services company Nasscom.

"We are seeing good traction. The exports are expected to grow at the rate of 30-35 per cent," Nasscom president Kiran Karnik said on the sidelines of a panel discussion on infrastructure outsourcing.

Last year IT and ITeS exports grew 34.5 per cent to $17.2 billion. Nasscom had earlier forecast a growth of around 30-32 per cent in 2005-06.

He said of the total export revenues of from IT and ITeS, infrastructure outsourcing would account for $450 million.

Karnik said global market for infrastructure outsourcing is $200 billion, of which estimates say that 60 per cent to 66 per cent can be sent offshore.

"This is an opportunity for India. Even the multinationals who win large deals in infrastructure management will move work to India," he added. Analyst firm Forrester has done a comprehensive study of the remote infrastructure market.

"The export of infrastructure management services from India has been growing at the rate of more than 100 per cent per annum and this growth is expected to continue as the size of the market is $200 billion and the Indian share is just $450 million," Sudin Apte, Forrester country manager (India) said.