Indian software revenues touch Rs 48,000 crore

Findings of the annual survey of the Indian software and services industry

conducted by Nasscom for FY 2001-02 indicates that India grossed an annual

revenue of Rs 48,000 crore (US$ 10.1 billion) during 2001-02, from Rs 37,760

crore (US$ 8.26 billion) in 2000-01, registering an overall growth of 27 percent

in rupee terms. The growth in dollar terms was 22 percent.

Kiran Karnik, President, Nasscom says, "Despite 2001-02 being a very

challenging year for the Indian software and services industry, the Nasscom

annual survey reveals that the industry has proven to be resilient and continued

to record impressive growth. The industry has crossed the US$10 billion landmark

figure on an increasing base and generated 92,000 new jobs and provided indirect

employment to over 2,50,000 people in 2001-02."

Nasscom’s annual survey findings reveals that, of the total revenue of Rs

48,000 crore for the IT software and services sector, exports grossed Rs 36,500

crore (US$7.68 billion) of revenue while the domestic software market

contributed Rs 11,500 crore (US$ 2.42 billion).

The software exports sector registered a growth of 29 percent in rupee terms

and 23 percent in dollar terms over revenues of Rs 28,350 crore (US$ 6.2

billion) in 2000-01. The domestic software market has grown by 16 percent in

rupee terms and 12 percent in dollar terms over revenues of Rs 9,890 crore

(US$2.17 billion) in 2000-01.

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