Domestic IT And Ites Expected To Cross Rs 2,00,000 Crore Mark In 2012

The India domestic IT and ITeS market is expected to cross the Rs 2,00,000 crore mark in 2012 compared to Rs 90,014 crore recorded in 2007. This translates into a CAGR of 18.4 per cent in the five year period, according to a new report by IDC India. Together with IT and ITeS exports revenue of Rs 3,20,278 crore, the total IT and ITeS industry size is expected to grow Rs 5,29,976 crore by 2012, representing a CAGR of 16.5 per cent. Kapil Dev Singh, country manager, IDC India, said, "The domestic IT and ITeS industry CAGR of 18.4 per cent (during 2008-12) is expected on the back of a robust growth of the past five years (2003-2007).