Wednesday, March 26, 2003
Software exports up 30% in 2002: Skoch report ( 1410 hrs)
Braving a somewhat stagnant demand for software services in the traditional US market, India's software export revenues registered a 30% rise in dollar terms to cross eight billion dollar mark in 2002.
Back home, with an overall growth of nine per cent, the domestic market stood at Rs 23,774 crore (4953 million dollar) in 2002, as users in government, banking and finance, education and telecom sectors emerged as major spenders.
According to a report released by IT analyst Skoch Consultancy today, over half the revenues came from 1.8 million personal computers and other hardware sold during the period in reference.
The global technology slump notwithstanding, the Indian IT industry showed signs of resilience to record an overall upsurge in almost every category. "The industry is poised to maintain a rising graph in the current year also as all other segments including training, consultancy, systems integration continued to perform positively," the report said.
However Internet penetration was a casualty of an all round poor quality of service while networking suffered due to the stagnating investments in the Internet infrastructure.
On the software front, the stagnant demand for software services in the US market failed to dampen the performance of Indian software exports, which increased by 30 per cent to eight billion dollars during 2002.
A significant one-fourth of the contribution coming from IT enabled services fired the export performance of the software industry, it said. (PTI)
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