Indian software and services exports are expected to earn about 40 billion US dollar (220 milliarder DKR) in the year to March 2008 as demand for outsourcing remains strong, reports BBC online Tuesday.
The National Association of Software and Service Companies (Nasscom) added that the sector should achieve 60 billion dollar in export revenue by 2009-2010.
Indian software firms such as Tata Consultancy, Infosys and Wipro offer services like system integration, application development, and supply chain designing and back-office services.
A large pool of English-speaking and well-educated workers have helped to win outsourcing contracts from firms in Europe and the US, and means India remains a favourite outsource destination.
Nasscom says the industry contributes 5,2 per cent to the countrys gross domestic production. But there are challenges to the sector, such as rising wages and the increase in the rupee against the dollar this year.
