India's IT services exports up 15% at $82 bn in 2014-15: RBI

India's IT services exports up 15% at $82 bn in 2014-15: RBI

India's IT services exports up 15% at $82 bn in 2014-15: RBI

India's total export of IT, ITeS and BPO services grew 14.8 per cent to USD 82 billion (Rs 5.01 lakh crore) in 2014-15, RBI data showed today.

"India's total export of computer services and ITeS/BPO services (excluding commercial presence) during 2014-15 is estimated at Rs 5,014 billion (USD 82 billion), registering 14.8 per cent growth in USD terms over the previous year," RBI said in a 'Survey on Computer Software & Information Technology Enabled Services Exports: 2014-15'.

Exports of computer services and ITeS/BPO contributed 72 per cent and 28 per cent, respectively, to the total software services exports during the period, it said.
Of this, public limited companies made up for 55.6 per cent.

As per the RBI survey, the US and Canada continued as major destinations, which accounted for nearly 60 per cent of total software services export in 2014-15.

Europe's share stood at nearly 25 per cent, of which UK accounted for almost half. The dollar was the invoice currency for around three-fourths of software exports followed by the pound sterling and the euro, it added.

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