Home > Business > PTI > Report

IT revenue may touch $15.5 bn in 2004: Nasscom

January 23, 2004 14:42 IST
Last Updated: January 23, 2004 15:46 IST

Indian IT industry could touch a total revenue of $15.5 billion in 2004 against $12 billion last year, according to National Association for Software and Service Companies.

Issuing its outlook for 2004, Nasscom said, software and services exports are likely to achieve 26-28 per cent growth, which translates into $12 billion and the ITeS-BPO segment is may touch $3.6 billion, an estimated growth rate of 54 per cent.

In 2003, software exports were around $9.5 billion and ITeS-BPO sector revenue was $2.3 billion.

IT services, products and technology services are projected to grow by 17 per cent to touch a revenue of over $8.4 billion in 2004. In 2003, it was $7.2 billion.

Software exports provided employment to 650,000 people in 2003 while ITeS-BPO segment employed 171,000 people, Nasscom said.

Share of software exports to India's export revenue is around 20.4 per cent at present, taking into account 2003 software export revenues.

Article Tools
Email this article
Print this article
Write us a letter

Related Stories

BPO sector will grow at 50%

MphasiS consolidated net up 57%

Infosys Q3 net jumps 28%

People Who Read This Also Read

Telstra, Satyam in BPO deal

Indica to hit UK roads in Jan

'Focus on service, not backlash'

© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Copyright © 2003 rediff.com India Limited. All Rights Reserved.