IT exports seen @ $50bn by 2008

India's IT and ITeS exports are poised to touch the $50 billion mark by the year 2008, IT and Telecom Minister Dayanidhi Maran said on Thursday.

Electronics and IT sectors have maintained sustained growth over the last few years. India's exports in electronics and computer software in 2003-04 were worth $14.28 billion, out of which software and services accounted for $12.60 billion.

The latest studies reveal that the IT and ITeS sector would be able to earn nearly $50 billion through exports by the year, Maran said.

He emphasised the need for a close government-Industry partnership so that the IT industry could increase its competitiveness and increase its access to foreign markets.