Telangana IT exports up by 19 per cent at Rs 1.29 lakh crore

Despite Covid-19 pandemic adversely impacting the IT industry in the fourth quarter of 2019-20, Telangana has registered information technology (IT) and IT-enabled services exports of Rs 1,28,807 crore as against Rs 1,09,219 crore, showing a growth of 17.93 per cent.

The IT exports from Telangana constitute 11.58 per cent in the lover all IT exports of Rs 11,12,496 crore from the country.

The State created over 39,000 jobs in 2019-20. The total number of IT employees in the State went up to 5.82 lakh as against 5.43 lakh in the previous year.

The growth rate of IT exports from Telangana far exceeds the overall national growth rate of 8 per cent.

“This clearly indicates that Telangana is poised to be the preferred destination for IT investments in the future,” Telangana Chief Minister K Chandrashekar has said.