Indian software services and BPO export revenue is estimated to touch $50 billion in

RELATED ARTICLES India sees business opportunity in Iran after US, EU sanctions Coke posts 20% volume growth in India in Q4, 2011 Iran agrees on part payment in rupees for crude sale to India Iran agrees on part payment in rupees for crude sale to India India says it's always appreciative of foreign aid

value in 2009-10, growing at 5.5 per cent and sticking to the earlier guidance of 4-7 per cent growth.

Industry association Nasscom, however, gave a much better outlook for the next fiscal (FY 10-11) saying Software and Services exports revenues would grow by 13-15 per cent.

Nasscom had earlier given the guidance that exports would grow between 4-7 per cent this fiscal. Given that exports have grown as per the estimates.

Releasing the Indian IT-BPO sector performance estimates for FY09-10, it said "export revenues for the Indian IT-BPO industry are expected to record a growth of 5.5%, to reach USD 49.7 billion in FY 09-10". The industry growth rate has come down from 32 per cent four years ago to single digits now.

The industry was, however, more bullish on the 50-billion dollar mark.

Som Mittal, President, NASSCOM said, "It’s a historic moment for the Indian IT-BPO industry as it touches the USD 50 billion landmark. The growth was led by domestic market buoyed by increased Government spending in IT. In addition, new areas such as Engineering Services and Product Development displayed phenomenal momentum clocking a combined revenue of over USD 10 billion."