ESC reviewing ICT export forecast of USD 155 bn for 2020-21 amid COVID-19 pandemic

New Delhi: The Electronics and Computer Software Export Promotion Council (ESC) has said it is currently reviewing the USD 155 billion target for Indian electronics and software exports from India for 2020-21, amid the COVID-19 pandemic. ESC, which has been mandated to promote India’s exports of electronics, telecom, computer software and IT-enabled services, also expressed optimism of a flat or positive growth, a statement said.

“Keeping in mind the demand and supply disruptions caused by COVID-19 both in India and in the main export markets, uncertainty related to the impact of the virus and how long the virus will be with us, we are carefully looking at the target set to reflect ground-level situation,” ESC Chairman Sandeep Narula said.

He added that riding on the back of strength of India and support from the government, “there may not be much downside, rather could see flat or a positive growth”.