Chapter 22: The Indian Economy | 265 |
According to NASSCOM, “2008 was a year of transformation
for the Indian IT-BPO sector as it began to re-engineer challenges
posed by macroeconomic environment, with the worldwide
spending aggregate estimated to reach nearly USD 1.6 trillion, a
growth of 5.6 per cent over the previous year.”
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The following are
the highlights of the developments that took place in 2008–09:
Indian IT-BPO registered a growth rate of 12 per cent in
2009 to achieve aggregate revenue of USD 71.7 billion.
Exports of software and services including exports of IT ser-
vices, BPO, Engineering Services and R&D and Software
products reached USD 47 billion, constituting almost 66 per
cent of the overall aggregate revenue of ...