(Pic: Let the good times roll by James Denmark)
By Shailendra Bhatnagar
(Bloomberg) — India’s computer-services exports will expand about 30 percent a year to $80 billion by 2011, federal communications and information-technology minister Andimuthu Raja said today.
No additional details were immediately available in the statement given to reporters in New Delhi.
India’s computer-services exports, including back-office services, for the year ended March 31 rose 33 percent to $31.4 billion, according to the National Association of Software and Service Companies lobbying group. The exports will increase to $60 billion by 2010, Nasscom has forecast.
Tata Consultancy Services Ltd., India’s largest computer- services provider, declined 9.30 rupees to 1,054.90 rupees at 1:20 p.m. local time on the Bombay Stock Exchange. Infosys Technologies Ltd., India’s second largest, fell 1.7 percent to 1,851 rupees.