Features Datamine DQI Bureau 27 Jun 2006 00:00 IST Follow Us New Update Overall software and services (exports + domestic) grew by over 31% against a forecast of 26-27% Exports grew by over 33% Strong growth re-validates the economics of offshore outsourcing Year marked by scope and scale expansion Domestic revenues have grown by 24% Total industry employee base estimated at nearly 1.3 mn Employment in the exports segment estimated at nearly 930,000; a y-o-y increase of 32% IT software and services added over 120,000 employees ITeS-BPO added 100,000 employees Indirect employment derived from IT-ITeS estimated at 3mn IT services exports have grown by over 33% Strong demand for traditional services (ADM) as well as new services (EAI, package implementation, etc.) ITeS-BPO exports up by 37% Continued expansion of service portfolio, higher-value processes Increased traction in Engineering Services as well as domestic demand Overall software and services projected to grow by 25-28% Lower growth rate masks the fact that incremental revenue of $6-8bn is higher than ever before Exports growth projected at 27-30% IT software and services $21-22bn, ITeS-BPO $8-8.5bn Domestic market growth forecast at 20% Significant upside potential in e-Gov/high growth sectors e.g. retail, healthcare etc. India maintains the lead with 28% of the suitable talent available across all offshore locations (outranks the next destination by a factor of 2.5) Keen emphasis on security, quality, and leveraging experience to gain from operational excellence Sustained total cost competitiveness, driven by utilization and ability to deliver multiple dependent processes Advertisment Read the Next Article