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India’s Software Exports May Increase to $80 Billion


(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.

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