STPI looks at double-digit growth in IT exports

India is targeting revenues of $70-80 billion from software products by the end of 2025. The country, which has emerged as a major player in software exports, is yet to tap the $500-billion software products market.

“We are currently getting revenues of $80-90 billion from software products whereas the global opportunity stands at $500 billion. It is going to grow to $1 trillion by 2025,” said Omkar Rai, Director- General of Software Technology Parks of India (STPI).

The country has launched a policy to increase the software product segment. To make this happen, tier-II and tier-III cities too should contribute.