Indias IT services exports to touch $98 billion in 2015-16: NASSCOM
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 ...
Economic environment ideal for domestic IT surge: HYSEA President
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 ...
