Software services exports show marginal increase, surpassing US $ 133 billion in 2020-21: RBI


Software services exports show marginal increase, surpassing US $ 133 billion in 2020-21: RBI

New Delhi, September 21 (KNN) The Reserve Bank of India (RBI) has released data for the 2020-21 cycle of its annual survey of software and computer services exports.

According to the survey, India’s exports of software services (excluding exports through commercial presence) are estimated at US $ 133.7 billion in 2020-2021, registering a growth of 4.0% over the previous year. ‘last year.

The survey collects details on India’s exports of software services {computer and information technology-based services (ITES) / business process outsourcing (BPO) services} by type of activity, nature on-site / off-site services, country of destination and four modes of delivery.

For the 2020-2021 cycle of the survey, 6115 software exporting companies were contacted, of which 1,815 companies responded, most of which were large companies. The companies surveyed accounted for 86.5 percent of total software services exports during the year.

Here are some of the survey highlights:
– IT services and ITES contributed 65.3% and 34.7% respectively of the total exports of software services.
– BPO services were the dominant component of IT services exports
– More than half of software services exports were made by limited liability companies
– The United States was the main destination for software exports, accounting for 54.8 percent; Europe held 30.1 per cent, of which almost half in the United Kingdom (Table 5).
– The US dollar was the main invoicing currency for software exports with a share of 72.0%; The euro and the pound sterling together accounted for 15.9 per cent (Table 6).
– The share of off-site mode of software services exports has gradually increased to 87.1
– The share of mode 1 (cross-border supply) in India’s exports of software services has further increased to reach 78.4% in 2020-2021: this share of mode 1 has increased over the years, from 38.8% in 2002-03 to 64.6% in 2009-10 then to 75.1% in 2019-20, to the detriment of the three other delivery methods {namely, mode-2 (consumption abroad); mode-3 (commercial presence); and mode-4 (presence of natural persons)} (Table 8).
– Foreign affiliates’ software exports through commercial presence, where the United States is a major destination, amounted to US $ 14.6 billion in 2020-2021 (Tables 9 and 10).
– Total exports of software services, including services provided by foreign affiliates of Indian companies, grew 2.1% in 2020-21 and amounted to $ 148.3 billion.


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