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Vimala Vasan

Abu Dhabi , Feb. 3

EXPORTS of computer software and services are likely to post a 29-per cent growth and seen close to $22.27 billion in the current fiscal, owing to the inroads made by Indian companies in financial services outsourcing.

Mr Kamal Vachani, Regional Director of Electronics & Computer Software Export Promotion Council, said in a statement here that the estimate of $22.27 billion was in line with the projections.

The computer software and services exports recorded a growth of around 27.29 per cent during April-December 2005, to touch $15.79 billion. One can forecast the software and services growth to surpass 30 per cent, he added.

Inroads made in financial services outsourcing, after resolving issues such as data protection had contributed to the growth, Mr Vachani said.

Against the backdrop of positive projections, Indiasoft 2006, the country's largest IT networking event, will be held in Chennai on February 20-21.

More Stories on : Exports & Imports | Software

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