Indian Software and Services Export Grew 33% in 2005-06

According to leading software industry body, National Association of Software and Services Companies (Nasscom), Software and services exports from India grew 33 percent during the period 2005-06 to $23.6 billion.

Nasscom said the overall Indian software and IT enabled services industry grew 31 percent in last fiscal to $29.6 billion.

The overall software and services industry will grow by 25-28 percent in 2006-07 to $36-38 billion, Nasscom predicted.

IT and ITES exports are likely to grow by 27-30 percent in 2006-07 to $29-31 billion.

The number of employees in the IT and ITES sector grew to 1.29 million in 2005-06 from 1.05 million in 2004-05.