Telangana IT exports up 18% Rs 1.29 trn in FY20, ahead of India growth rate

Software exports grew 17.93 per cent at Rs 1,28,807 crore (Rs 1.29 trillion) from Telangana in the year 2019-20 as compared to Rs 1,09,219 crore in the previous year, outperforming the overall growth rate of Indian software exports during the year, according to state IT minister K T Rama Rao.

Total software exports from India stood at Rs 11,12,496 crore in 2019-20, an increase of 8.09 per cent over Rs 10,29,248 crore IT exports in the previous year.

“Despite the onset of the Covid-19 during the last quarter of the financial year 2019-20, the export growth from Telangana managed to record a phenomenal 17.93 per cent growth for the full financial year. The Hyderabad IT ecosystem has the agility and the resilience to overcome the effects of Covid-19,”