TS: IT exports doubled in last five years
Telangana | Written by : Suryaa Desk
Telangana, which started with the base IT exports of Rs 57,258 crore in 2013-14, has witnessed a quantum jump in the last five years with the numbers almost doubling to Rs 1,09,219 crore in 2018-19. The State has become the frontrunner in the sector, registering growth well above the national average. The State registered a growth of 17 per cent in 2018-19 over Rs 93,442 crore of exports recorded in 2017-18. Telangana also witnessed growth in IT employment to 5,43,033 jobs during 2018-19 from 4,75,308 jobs recorded during 2017-18, indicating a growth of 14.2 per cent.
The Electronics and Computer Software Export Promotion Council (ESC) has projected all India exports growth at 8-10 per cent for the year 2018-19. Jayesh Ranjan, Principal Secretary, IT & Commerce, Government of Telangana, told Telangana Today, “The State has started with the base exports of Rs 57,258 crore in 2013-14, and the goal we had set at that time to double this in five years, has been accomplished. Several factors have contributed to this growth and the State will continue to see this momentum in future as well.”