India's Software Services Exports Surge 9.1% In FY20 Says RB

India's Software Services Exports Surge 9.1% In FY20 Says RBI


Reserve Bank of India (RBI) has released the data related to the 2019-20 round of its annual survey on exports of computer software and information technology enabled services. For the 2019-20 round of the survey, 6078 software export companies were contacted, of which 1475 companies responded, which included most of the large companies. The responding companies accounted for around 82.7% of the total software services exports during the year.
India's export of software services stood at US$ 128.6 billion during 2019-20, registering 9.1% growth over the previous year. Exports of computer services and ITES/BPO services contributed 66.6 per cent and 33.4%, respectively, of the total software services exports.

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