Software services exports jump 37% to Rs 3.41 lakh cr in FY13

Software services and IT enabled services exports are estimated to have increased by 37 per cent to around Rs 3.41 lakh crore in 2012-13, a survey by the Reserve Bank said today.
"India's total export of computer services and ITES/BPO services during 2012-13 is estimated at Rs 3.41 lakh crore (USD 62.6 billion), exhibiting 20.7 per cent growth in USD terms over the previous year," RBI said in its survey on Computer Software & Information Technology Enabled Services Exports: 2012-13.
Exports of computer services and ITES/BPO services accounted for 71.9 per cent and 28.1 per cent, respectively, of the total software services exports, it said.

In 2011-12, the export stood at about Rs 2.84 lakh crore, of which Rs 1.86 lakh crore (75.2 per cent) was from computer services while the rest Rs 61,720 crore (24.8 per cent) was from BPO services.
The US and Canada continued to remain top destinations for software exports and accounted for 64.1 per cent of the total export during 2012-13, the survey said.
European countries had 20.2 per cent share, of which the UK accounted for 11.4 per cent in FY13.

"US Dollar remained the major invoice currency for software exports with 73.6 per cent share, whereas Pound Sterling and Euro had shares of 8.5 per cent and 7.1 per cent, respectively," it added.

The share of export of software service through on-site mode declined in 2012-13. Its contribution in total service exports decreased from 17.8 per cent in 2011-12 to 15.8 per cent in 2012-13, the survey said.
Software exports by foreign affiliates stood at Rs 35,380 crore (USD 6.5 billion) in 2012-13 and total international trade in software services by India, including the services delivered by foreign affiliates established abroad, stood at Rs 3,75,900 crore (USD 69.1 billion) in 2012-13.
The US had the major share in total software business by foreign affiliates followed by the UK, the survey said.
For the survey, 6,660 IT companies were contacted, of which 737 companies, including most of the large companies, responded.

The responding companies accounted for 75.4 per cent of the total software exports during the year, RBI said.