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.
The apex body of software and services companies in India, Nasscom, on Monday said it was focussing on ways to promote development of more software products.
The National Association of Software and Service Companies on Monday said the Indian software and services sector will post a 28 per cent growth in 2003-04 at $12 billion in revenues, compared to $9.5 billion in 2002-03.
Software and services exports from India are expected to grow 34 per cent year-on-year in 2004-05, two per cent more than the target set by National Association of Software and Service Companies.
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The National Association of Software and Services Companies said on Friday that the rupee appreciation would not affect the software export growth target of 26-28 per cent during the 2003-04 fiscal.\n\n\n\n
Software exports from India will attain the $50-billion target by 2008 as situation is conducive, even though the industry requires to post a 33 per cent growth in the coming years, National Association of Software and service Companies has said.\n\n\n\n
Indian software and services exports achieved 25 per cent growth during the fiscal year 2002-03, touching a revenue of $9.5 billion.
The apex body said that the annual Indian software and service exports was expected to reach $50 billion by the year 2008 and of this Japan alone would account for three to four billion.\n\n
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In line with its earlier projection, Indian software exports are on track to grow at 26-28 per cent during the current fiscal, Nasscom president Kiran Karnik said on Tuesday.
National Association of Software and Services Companies has signed a pact with Nasdaq, electronic stock exchange in US, to assist Indian companies to raise capital and get listed in American capital markets.
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To further strengthen the global brand equity of Indian software industry and address issues of concern in other countries, Nasscom has embarked on a global communications campaign.
The US move to reduce the number of H1B visas to 65,000 from 195,000 will affect the Indian information technology industry in the long run, Kiran Karnik
The rising value of rupee against the US dollar is likely to make a two to three per cent dent in export earnings of Indian software companies in the first half of the current fiscal.
Amid the controversy over the introduction of a bill proposing to ban L1 visas under which intra-company transfers take place to the US, Tata Consultancy Services said on Wednesday that though the company is concerned about the situation.
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As the United States plans to reduce the number of H1-B visas to 65,000 from 195,000, India's apex body National Association of Software and Service Companies sought to cap it between 120,000 and 130,000
India's software and services exports for the 2002-03 fiscal would be lower than the projected growth rate of 30 per cent as a result of the appreciation of the Indian rupee, National Association of Software and Service Companies
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