Software service export grew 10.3 pc: RBI

Source: The Hitavada      Date: 17 Dec 2017 09:44:53











INDIA’S export of software services rose by 10.3 per cent on an annual basis to USD 97.1 billion in 2016-17, the Reserve Bank (RBI) said. The export of software services excluding the one through commercial presence was USD 88 billion in 2015-16.

“The USA and Canada remained the top destinations of India’s export of software services, followed by Europe in which the UK accounted for nearly half,” said RBI’s ‘Survey on Computer Software and Information Technology Enabled Services Exports: 2016-17’. Export of computer services ruled, with private and public limited companies accounting for equal shares during the year, the survey added.