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News ECONOMY

  • Mar 06, 2013
  • IT-ITES exports up 23% at Rs 4 lakh cr in FY13: govt

    India's IT-ITES exports are estimated to have risen by 23.4% at about Rs 4.11 lakh crore in the current fiscal, Parliament was informed today.India's IT-Information Technology Enabled Services (IT-ITES) exports stood at about Rs 3.32 lakh crore in the 2011-12 fiscal, Minister of State for Communications and IT Milind Deora said in a written reply to the Lok Sabha.In dollar terms, exports are estimated to be up 10.2%, to about $75.8 billion in 2012-13, from about $68.8 billion in 2011-12, he added. "As per Nasscom, the global technology spend has recorded a growth of 4.8%. However, the Indian IT-ITES industry is estimated to achieve double-digit growth during 2012-13 fiscal," the minister said.

    Source - http://www.business-standard.com