'Software and services export to cross $40 bn'

Mumbai, Feb 11: The voice of the IT BPO industry in India, NASSCOM today announced that the software and services export will cross USD 40 billion in fiscal 2008 with the domestic market estimated at USD 23 billion.

''Positive market indications and strong records strongly support the optimism of the industry in achieving its aspired target of USD 60 billion in software and services exports and USD 73-75 billion in overall software and services revenue by fiscal 2010. Direct employment was expected to reach two million.'' Commenting on the key findings of the strategic review of NASSCOM for 2007, its Chairman Lakshmi Narayanan said.

''The robust growth of the Indian IT BPO industry by over 33 per cent in the current fiscal re inforces the confidence of global corporations in India. As we move, 2010 trend indicates that the industry is firmly poised for broad growth across industry and service lines. It strengthen India's leadership position as the primary sourcing location for software IT experimentation and business process related services'', he added.

UNI