Indian ICT revenue to touch $225 billion by 2020: Assocham

Exports Revenues : US   50.1 billion ( FY 2010) Exports contribution to total revenues - 70 % Service lines : 1. IT Services ( US   billion) - application development, maintenance, testing, infrastructure services, consulting and systems integration etc. 2. BPO ( (US   12.4 billion) 3. Engineering Design and Product development ( US   10 billion) ICT Sector Unit - The World Bank.
Exports Revenues : US 50.1 billion ( FY 2010) Exports contribution to total revenues – 70 % Service lines : 1. IT Services ( US billion) – application development, maintenance, testing, infrastructure services, consulting and systems integration etc. 2. BPO ( (US 12.4 billion) 3. Engineering Design and Product development ( US 10 billion) ICT Sector Unit – The World Bank.
Dr.Faisal Kamal
NEW DELHI: The revenue of the Indian ICT (information and communication technology) sector is expected to reach about USD 225 billion by 2020 on account of increasing internet penetrationAssocham said.

Currently, the sector’s revenue stands at USD 164.3 billion, it said in statement.

It also said that the sector would face challenges in 2018 too such as frequent changes in tax structure, inflexible labour laws and absence of funding mechanisms.

It said almost all of India’s burgeoning urban middle class has access to the Internet.

With increasing number of smartphone adoption and broadband, services are being delivered in new ways, it added.