IT Exports Growth

This is half of what it exported in the entire FY23

The number of employees in the IT sector in Telangana grew from 3.23 lakh in 2014 to 8.7 lakh in 2022 while IT exports rose from Rs 57,000 crore to Rs 1.83 lakh crore during the same period, IT Minister K T Rama Rao said here on Monday. Rama Rao who participated in an interactive session with IT industry leaders, organised by Hyderabad Software Enterprises Association (HYSEA) credited the outcomes achieved over the last eight years to the department concerned and the industry, an official release said. Citing Nasscom's report, the Minister said that out of the 4.5 lakh jobs created in the IT sector in India last year, 1.5 lakh or one-third of the total jobs were added by Hyderabad leaving behind Bengaluru which created 1.46 lakh jobs. "The number of employees or employers who are looking at Hyderabad is growing. I sincerely believe that this is just the beginning," the Minister said. Speaking about the two million jobs that are expected to be created in India in the coming years

Despite the Covid pandemic, Telangana recorded nearly 13 per cent growth in IT and ITeS exports at over Rs 1.45 lakh crore over last fiscal, Minister for IT and Industries KT Rama Rao said

STPI Director General Omkar Rai said that it is setting up more than 21 domain-centric Centres of Excellence in a collaborative manner across India

The industry body remains cautiously optimistic about growth in FY21

Reflects the current global business environment, estimated the growth to be 7-8%