However, the growth rate in dollar terms stood at 30 per cent. The export revenues increased by 35 per cent and stood at Rs 1,53,744 crore while the domestic market grew at 27.2 per cent at Rs 73,135 crore, says Dataquest annual survey of Indian IT industry.
IT services exports stood at Rs 1,03,647 crore, registering a growth of 37 per cent while BPO services grew by 33.5 per cent to touch Rs 37,800 crore, meanwhile the engineering services (Rs 4,146 crore) and entertainment and gaming (Rs 1,810 crore) also emerged as strong export areas.
The top eight software firms — TCS, Infosys, Wipro, Satyam, HCL, Cognizant, Tech Mahindra and Patni— earned nearly 63 per cent of their export earnings from North America, 29 per cent from Europe and five per cent from the Asia-Pacific region.