Software exports rise 29.4%

MUMBAI: Revenues from Indian software exports have risen by 29.4 per cent in 2002-03 to Rs 6,600 crore from Rs 5,100 crore in 2001-02, said Nasscom president, Kiran Karnik, as he revealed the results of a study jointly conducted by Nasscom and McKinsey.

The study also said that revenues from exports of products and technology services would increase to $8 - $11 billion by 2008.

But Karnik declined to give specific growth figures for software exports for the current financial year, and said that it would be roughly the same growth as last fiscal.

Source: IRIS