Friday, May 04, 2007

Indian IT rocks

The Indian IT/BPO industry is expected to post a compounded growth rate of 18.2% in the next 5 years. USD 100 Billion in revenues by 2011. Now that’s an achievement.

In 2006, the Indian IT/ITeS industry (domestic and exports) clocked revenues of Rs. 198477 crore, up 31% over 2005. The IT services/BPO exports pegged at Rs. 130,067 crore in 2006 is expected to reach Rs. 289,857 crore by 2011. Meanwhile, the domestic IT/ITeS revenue is projected to touch Rs. 168,370 crore in 2011, posting a CAGR of 19.7% (IT growing at 16.4% and ITeS at 40.4%).

As reported in The Economic Times.

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