Date: August 11, 2021
IT industry braves Covid-19, clocks ₹1.20 lakh cr exports in Q1
STPI pegs IT exports in 2021-22 at 8-9%
If the first quarter export numbers are any indication, the Indian information technology industry is poised for a 8-9 per cent growth in exports in the current financial year.
The IT companies attached to the STPI have registered exports to the tune of ₹1.20 lakh crore in the first quarter ended June 30, 2021.
“During the pandemic year, the Indian IT industry displayed great resilience to global disruptions and delivered services and solutions to their clients across the globe,” Omkar Rai, Director-General of Software Technology Parks of India (STPI), has said.
The growth was triggered by factors like significant adoption of cloud and emerging technologies by enterprises across industry verticals and rapid digitisation by MSMEs (micro, small and medium enterprises) to become competitive.
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