IT exports grew 12.98% to ₹1.45 lakh cr. last fiscal
The Hindu
Growth rate over two times the national average: KTR
Industries and IT Minister K.T. Rama Rao on Thursday said IT and ITeS exports from the State increased 12.98% to ₹1,45,522 crore in the fiscal ended March 2021. Substantial considering it came amid the pandemic and the COVID-19 impact on economy, the rate of growth is estimated to be more than twice as much the national average, he said releasing the annual reports for 2020-21 of the IT and Industries Departments in the presence of senior officials, including the Secretary Jayesh Ranjan. In 2019-20, IT/ITeS exports from the State were over ₹1.28 lakh crore. Mr. Rao said the compound annual growth rate (CAGR) at which the exports grew -- from ₹57,258 crore in 2013-14 -- was 14.25%. He said 46,489 new jobs were added last fiscal taking the IT/ ITES employment to 6,28,615 or an increase of 7.99% compared to 2019-20.
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