News: 'IT exports to touch $75 bn'

(BS 01/02/2007) Mumbai - Figure to beat 2010 target, says Nasscom's Kiran Karnik.

India’s software services and business process outsourcing exports may touch $75 billion by 2010 if the current growth rate is maintained, Kiran Karnik, president, National Association of Software and Services Companies (Nasscom), has said. This is significantly above the target of $60 billion set last year.

Speaking at the release of a Nasscom-McKinsey study titled “Operational excellence: The next frontier in offshoring,” Karnik said information technology and business process outsourcing exports were expected to grow 33.47 per cent to $31.9 billion in 2006-07 from $23.9 billion in 2005-06.