The Hindu Business Line : Electronics, IT exports to grow 27 pc in 2005-06

India's electronics and IT exports are estimated to register a 27 per cent growth during 2005-06 to touch Rs 1,11,700 crore compared to Rs 88,180 crore in the previous year.

"The software and services industry continues to show a robust growth and the total value of software and services export are estimated at Rs 1,03,200 crore ($23.4 billion) in the year 2005-06, as compared to Rs 80,180 crore ($17.7 billion) in the year 2004-05, an increase of 32 per cent in dollar terms and 29 per cent in rupee terms," according to the latest annual report of Department of Information Technology.

The report noted that the Business Process Outsourcing sector had emerged as a key driver of growth for the Indian software and services industry.

The ITES-BPO industry is likely to grow by 37 per cent in 2005-06 to reach $6.3 billion. In 2004-05, the Indian ITES-BPO industry grew by 48 per cent to $4.6 billion, it said.

The consumer electronics sector is estimated to achieve a production level of Rs 18,500 crore during 2005-06 as compared to Rs 16,800 crore in the year 2004-05, thus achieving a growth rate of 10 per cent.

Fast growing segments

"The fast growing segments during the year were colour TV, DVD players, home theatre systems. The colour TV production shot up to over 11 million units during 2005-06. VCD/MP3 player sales have witnessed an impressive growth and have crossed 10 million mark during the year," it added.

"However, the Indian colour TV picture tube could not sustain the production level achieved during last year and the production stood at 10.05 million units during 2005 as against 11.2 million numbers during the year 2004," it said.

The sale of personal computers is likely to touch 47 lakh units during the year 2005-06. The communication and strategic electronics sector is showing a growth of 10 per cent.

Prices of colour TV and computers have also come down in keeping with the worldwide trend, it pointed out.

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