Software exports grew 33% in FY06

Software and services exports from India grew 33 per cent year on year in 2005-06 to $23.6 billion according to industry body Nasscom.

Nasscom said the overall Indian software and IT enabled services industry grew 31 per cent in last fiscal to $29.6 billion.

The overall software and services industry will grow by 25 to 28 per cent in 2006-07 to $36 to $38 billion, Nasscom predicted.

IT and ITES exports are likely to grow by 27-30 per cent in 2006-07 to 29-31 billion dollars.

The number of employees in the IT and ITES sector grew to 1.29 million in 2005-06 from 1.05 million in 2004-05.

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group