India Aims for Fourfold Jump in IT Exports to $80 billion by 2010
"We need to work hard to retain our edge and even harder to increase our share of the world market," Prime Minister Manmohan Singh told nearly 1,000 participants of a three-day conference, organized by NASSCOM, India's main software services trade group, reports AP.
Indian IT services exports jumped 32% to $23.4 billion in the 2005-2006 fiscal year that ended March, while the total software and services exports are expected to jump nearly 33% to $31.3 billion during the fiscal year ending Mar 2007, according to NASSCOM.
Singh also asked the information technology sector to strive to help India's large rural population. Nearly 70% of India's more than 1 billion people live in rural areas and mostly depend on agriculture for survival.
Related:PM Singh: India Should Aim For $80 Billion Software Exports By 2010 - Nasdaq