Thursday, March 28, 2013

B&E Indicators

Indian IT/ITeS on the fast lane With a CAGR of 24% in the last decade, the Indian IT/ITeS industry has emerged as a key growth engine for the economy, contributing around 5.6% to India’s GDP in FY2009-10 and also providing direct employment to about 2.3 million people (from just about half a million in 2001). In fact, as per NASSCOM, the sector is estimated to provide direct and indirect employment to over 30 million people by 2020.

Overseas markets driving the growth
Even the export revenues touched $50.1 billion in FY2009-10, accounting for over 68% of the total industry revenues. The IT services segment was the biggest contributor (54%) to the export revenues (the export revenues from IT services have grown from $10 billion in FY2004-05 to $27.3 billion in FY2009-10) followed by the ITeS/BPO segment, which contributed $14.7 billion to the total industry revenues.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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