IT-ITeS exports may rise by 8% to 10% this fiscal

Hyderabad: Indian IT and ITeS exports may clock 8 to 10 per cent growth during the current fiscal a senior official of Electronics and Computer Software Export Promotion Council (ESC), a body under the Department of Commerce said here Tuesday.

Executive Director of ESC, D K Sareen also said the export of electronic hardware may also witness positive growth at about seven to eight per cent on the back of newer avenues such as Solar power electronics, UPS systems and electronic energy meters.

"These numbers (IT and ITeS exports) are difficult to obtain unless and until we have the full figures from RBI. But we are seeing that the first two to three quarters are certainly performed up to the expectations. So overall who look at the growth of growth of about 8 to 10 per cent (this year)," the ESC official on the sidelines of a programme.

In February last year, industry body Nasscom had projected that Indian IT exports may grow at seven to eight per cent during the current fiscal at USD 137 billion against USD 126 in FY 18.

Replying to a query on hardware and electronic component exports, Sareen said there was a negative growth during the last three years.