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India's software exports on the rise

NEW DELHI - In line with its earlier projection, Indian software exports are on track to grow at 26 to 28 percent during the current fiscal year, National Association of Software and Service Companies (Nasscom) president Kiran Karnik said on Tuesday.

"We are on track to grow at 26 to 28 percent in software exports in 2003-04," he said on the sidelines of the Asia Tech Summit, adding the October-December quarter looked good.

Nasscom had projected Indian software and services were likely to register US$12 billion in revenue.

On whether pricing pressure has stabilized, Karnik said pricing pressure never goes away but there is no downward push, adding that Nasscom would engage itself in dispelling wrong notions about outsourcing.

Earlier this month, lawmakers in the state of Indiana, United States, opposed a Bill to ban non-US citizens from doing government contract works as they felt the law would affect overseas investment.

"We welcome the change, free trade mutually benefits, helps the states, companies" he said as a response to the development while adding Nasscom would engage itself in dialogues with various parties concerned.

Indian software and services exports clocked a 25 percent growth during 2002-03, touching a revenue of $9.5 billion.

(Asia Pulse/PTI)
 
Dec 11, 2003


 
     
         
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