The software and services exports from India recorded a growth of 30.5 per cent in 2003-04, clocking revenues worth $12.5 billion, according to the figures released by the National Association of Software and Service Companies.
Of the total software and services exports last fiscal, IT services products and technical services grew by 25 per cent to $8.9 billion while the IT-enabled services grew by 46 per cent to $3.6 billion.
While the overall growth in software and services exports from India was above the Nasscom projections, it was below estimates in the ITeS/business process outsourcing segment.
Overall, the Indian software and services industry grew by 28.2 per cent in 2003-04 to $15.9 billion.
Nasscom estimates that the Indian software and services industry will see revenues crossing $20 billion this fiscal with services and software exports growing at 30-32 per cent to record revenues of over $16.3 billion.