IT-ITES exports up 23% at Rs 4 lakh cr in FY13: govt

Nasscom had predicted growth in the sector to be between 11-14% on account of the economic uncertainty in FY13

India's IT-ITES exports are estimated to have risen by 23.4% at about Rs 4.11 lakh crore in the current fiscal, Parliament was informed today.

India's IT-Information Technology Enabled Services (IT-ITES) exports stood at about Rs 3.32 lakh crore in the 2011-12 fiscal, Minister of State for Communications and IT Milind Deora said in a written reply to the Lok Sabha.

In dollar terms, exports are estimated to be up 10.2%, to about $75.8 billion in 2012-13, from about $68.8 billion in 2011-12, he added.

"As per Nasscom, the global technology spend has recorded a growth of 4.8%. However, the Indian IT-ITES industry is estimated to achieve double-digit growth during 2012-13 fiscal," the minister said.

The software and allied services' industry body Nasscom had predicted growth in the sector to be between 11-14% on account of the economic uncertainty in 2012-13.

The government in the National Policy on Information Technology (NPIT) 2012 envisages to increase IT industry revenues, through exports as well as the domestic market, from $100 billion to $300 billion by 2020, he added.

"The vision of the policy is to strengthen and enhance India's position as the global IT hub and to use IT and cyberspace as an engine for rapid, inclusive and substantial growth in the national economy," Deora said.