Software Application Services Exports Grew By 2% To $148.3 Billion In 2020-21: RBI

INSUBCONTINENT EXCLUSIVE:
Software services exports showed growth in 2020-21 according to a survey by RBIThere was a two per cent growth in exports of software
services, which also included services rendered by foreign partners of Indian entities, during 2020-21 as they stood at $148.3 billion,
information technology-enabled services (ITES) for 2020-21, which was released by RBI on Monday, said that the country's exports of software
services - which excluded exports through commercial presence - are expected to be around $133.7 billion, thus recording a four per cent
services exports, respectively.BPO services formed the major chunk of ITES exports, the central bank data said.In addition to this, private
6,115 software export companies were contacted, out of which 1,815 companies responded, which included most of the large companies