Information Technology Exports from Telangana have grown by 9.3 percent
Exports in Information technology-enabled services (ITES)
Telangana have grown by 9.3 percent. A compound annual growth of 15.6 percent over the past four years, said state IT and industries minister K R Rama Rao today.
The state witnessed Rs 85,470 crore exports in IT alone during 2016-17, he said. “The exports have been growing at a compound annual growth of 15.6 percent since the formation of the state in 2014,”.
The growth has resulted in the creation of 1.5 lakh new IT jobs. There would be roughly 2.5 to 3 times the generation of indirect jobs, he further said.
Telangana have grown by 9.3 percent
An annual report released by the minister said the government was targeting to achieve over Rs 1.20 lakh crore worth of IT exports and create more than four lakh direct employment and about 20 lakh indirect employment by year 2020.
Touched Rs 93,422 crore
Last year, the direct employment generated by the IT sector reached 4.75 lakh with 43,417 new professionals getting jobs, he said, adding that the sector provided indirect employment to about 7.5 lakh people.
The growth has resulted in the creation of 1.5 lakh new IT jobs. There would be roughly 2.5 to 3 times the generation of indirect jobs.
This is roughly 150 percent of the national average of 10.3 per cent during the same period.