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.The election authorities are gearing up for the counting of votes cast in the simultaneous elections to Lok Sabha and Assembly seats in Andhra Pradesh, scheduled to be held on June 4. The Collectors and Election Officers of Visakhapatnam, Anakapalli and Alluri Sitharama Raju (ASR) districts said on May 23 (Thursday) that their teams were ready for the counting of votes.
Responding to the prolonged water scarcity, the residents of the area took to the streets in protest on Wednesday. The protest, which drew attention to their plight, stopped only after the intervention of the police. It was not until 1.30 p.m. that a 4000-litre tanker was finally delivered by BWSSB, providing relief to the water-starved residents.