IT-BPO Industry 2008-09 Performance

India's IT-BPO industry grew by 13.1% during 2008-09 clocking revenues of US $58.8 bn. As per NASSCOM data released on July 29, export segment went up by 14.6% with IT software & services exports going up by 14.7%. BPO exports by 16.5% and engineering services and product exports by 10.9%. The domestic market recorded a growth of 7.8% (21.3% in rupee terms from Rs.470 bn to Rs.570 bn). NASSCOM projection from 2009-10 envisages a 4-7% growth for exports to US $48-50 bn and a 15-18% growth in rupee terms for the domestic market to Rs. 650-670 bn.

Infrastructure

The six infrastructure industries with a 26.68 per cent weightage in the Industrial Production Index cumulatively recorded a substantial 7.1 per cent year on year growth in August 2009, compared to a modest growth of 2.5% recorded in the previous month (July 2009) and an even lower 2.1 per cent a year earlier (August 2008). The August 2009 growth rate of 7.1 per cent is the highest monthly growth rate attained during the last one year.

Telecom Sector

Mobile phones accounted for 92.19 per cent of the total phone connections in the country as at the end of July 2009. Total telephone connections in the country numbered 497.07 million: 441.66 million mobile and 37.41 million landline

Agriculture Sector

Agricultural sector exports went up by 4.14 per cent during 2008-09, with plantation segment going up by 10.72 per cent and agri & allied products by 5.56 per cent but with marine exports falling by -10.77 per cent. Overall the sector accounted for a share of 9.26 per cent in India's total exports.

Indian Economy

India's external debt on March 31, 2009 amounted to Rs 11,69,575 crore. External debt to GDP ratio for 2008-2009 worked out to 22 per cent.

Indian Economy

India's industrial output rose 10.4 per cent in August from a year earlier, higher than estimates and the highest in 22 months

Indian Economy

CPI-UNME(Consumer Price Index-Urban Non-Manual Employees ) for August 2009 went up by seven points to 631 with the inflation rate for the month at 12.88 per cent down 0.16 percentage points from the July 2009 figure of 13.04 per cent.