Feeds

Indian outsourcing revenues skyrocket

Up 30% to $22.5bn

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Exports of software and IT services from India will rise 30 to 32 per cent in the year to March 2006, according to predictions from India's leading association of technology companies. The National Association of Software and Services Companies (Nasscom) said that exports will hit $22.5bn in 2006, up from $17.2bn in the FY ending March 2005 and $16.7bn in 2003-04. Domestic market revenues grow by 24 per cent in FY 04-05 to reach $4.8bn.

One million people work in India's growing IT market, according to Nasscom, which is targeting export growth of $50bn in FY 09. "The industry is in a strong position to leverage the global software opportunity and establish India as the premier IT destination in the world. To sustain our competitive advantage, the industry must engage closely with academia to create the right talent pool, collaborate with the hardware industry in microelectronics and embedded software, maximize employment opportunities and elevate service excellence through R&D and quality-benchmarked delivery," said S. Ramadorai, chairman of NASSCOM and managing director of Tata Consultancy Services, the Indian software services giant. ®

Related stories

HP confirms jobs to India move
India, China poised to feast on US IT complacency
Bomb scare targets Indian software firms
Outsourcing more expensive than in-house service
Offshoring inevitable, so get over it

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
IRS boss on XP migration: 'Classic fix the airplane while you're flying it attempt'
Plus: Condoleezza Rice at Dropbox 'maybe she can find ... weapons of mass destruction'
Ditch the sync, paddle in the Streem: Upstart offers syncless sharing
Upload, delete and carry on sharing afterwards?
New Facebook phone app allows you to stalk your mates
Nearby Friends feature goes live in a few weeks
Microsoft TIER SMEAR changes app prices whether devs ask or not
Some go up, some go down, Redmond goes silent
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.