IT Exports: telangana in Top Positions..!

Just as the IT sector plays an important role in the development of India, the IT service is playing a very important role in the economic growth of tamil Nadu. Also, the tamil Nadu government led by stalin has set a target of becoming a state with a 1 trillion dollar economy by 2030. Needless to say, how important the sector is, tamil Nadu, which has always been the leader in IT services exports, is lagging behind.
Needless to say, how important the IT services sector is for tamil Nadu to reach this height, tamil Nadu has always been a leader in IT services exports and is lagging behind. According to Nasscom data, the export value of India's IT/BPM services sector in 2019-20 is $149 billion, 2021-22. 152 billion dollars in FY 2021 and is projected to increase to $178 billion in FY 2021-2022. Tamil Nadu has been pushed from 2nd place to 4th place in the top 5 in terms of the projected volume of the 2021-22 financial year. Among the places, karnataka ranks first with IT service exports worth Rs 3.95 lakh crore. maharashtra is in the 2nd position with Rs 2.36 lakh crore, telangana – Rs 1.8 lakh crore, tamil Nadu – Rs 1.58 lakh crore, and Uttar Pradesh is in the top 5 with Rs 55,000 crore. The state is number one. karnataka - 22 percent, Uttar Pradesh - 21 percent, haryana - 20 percent, maharashtra - 18 percent, and tamil Nadu - 16 percent are growing.Recently telangana State IT minister KT Rama Rao popularly known as ktr has introduced many schemes and policy changes to attract investment in the IT services sector. Especially he has created a structure to give all the approvals like land and electricity at rocket speed to the new company. IT is attracting new local and foreign companies not only in the service sector but also in many sectors ranging from textiles to pharma. Telangana's growth has surprised the country's leading economic states.

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IT exports

Sowmiya Sriram

20/12/2022 10:11 PM