Telangana’s IT exports grow by 18% in FY 2020, more than double of India’s growth, says KCR

IT exports from Telangana has grown by 17.93% in the last financial year at Rs 1.28 lakh crore even as the sector created about 40,000 new jobs.

Despite the onset of the Covid-19 during the last quarter of the financial year 2019-2020, the export growth of the state managed to record a phenomenal 17.93% growth for the full financial year.

This is more than double that of the national growth, an official press release quoted IT Minister KT Rama Rao as saying.

The exports stood at Rs 1,28,807 crore in FY ‘20 against Rs 1,09,219 crore in the FY ‘19. The sector has 5,82,126 employees as of March 31 against 5,43,033 personnel at the end of 2018-19, the release said.