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The Dollar Business Bureau  India’s IT software exports are expected to grow at 7-8% during the current financial year 2017-18, which is less than 8-10% in the previous fiscal of 2016-17, the apex trade body NASSCOM said on Thursday. “The outlook for the IT industry in fiscal 2017-18 is 7-8% growth in exports and 10-11% in the domestic market as against 10-12% in 2016-17,” NASSCOM said in a statement. The Indian IT services sector has been coping with a slowdown in the business of banking and financial services, which contributes a major part to the revenues. It has also been impacted by its retail customers facing a sluggish growth from the upsurge of online retail channels. India’s $150-billion IT industry revenues mainly come from Business Process Management (BPM), software ...

The Dollar Business Bureau India’s services exports seem to be headed towards the revival path with improvement in global economic climate and increasing investment on technology, say experts. According to the government data, services exports from India witnessed a fall of around 4% during the last financial year. However, between 2002 and 2012, the country’s overseas trade in services grew from $20.76 billion to $142.32 billion. In April this year, services exports from the country were worth $13.01 billion, down from $13.63 billion registered in April last year. But, the sector is hopeful to regain the upward trend in the coming months. “While there has been a dip in India's services exports, we are confident that driven by an improvement in ...

The Dollar Business Bureau India’s exports in computer services and ITES/BPO services have registered a growth in FY2013-14, says the annual survey report of the Reserve Bank of India released on Monday. According to the RBI annual survey report on ‘Computer Software and Information Technology Enabled Services Exports: 2013-14’, the exports of the computer services and ITES services registered a growth of 14.6% in dollar terms, over the exports during previous financial year. Out of the $71.4 billion(bn) software services exports during FY2013-14, the exports of computer services (included IT services and Software product development) alone stood at $52.6 bn, registering 73.6% of the total share of software services exports during the year, which is more than that of $45 bn(71.9% share) ...

Jayarama Emani | The Dollar Business “The government has always been a major consumer of IT software and services in India. That will definitely continue to grow in the domestic segment, as we take on more digitalization of government functions and citizen services,” said Ramesh Loganathan, President, Hyderabad Software Exporters Association. Speaking exclusively to The Dollar Business, Ramesh said that with the government focusing more on ‘Make in India’ concept, the economy and specific sectors like infrastructure, healthcare as well as agriculture are likely to witness growth rates like never before. With some headwinds like foreign exchange fluctuations and uncertainty over oil prices likely to emerge in 2015-16, India is all poised to full take advantage of the IT start-up ...