Telangana’s IT exports cross Rs 1,28,807 crore

HYDERABAD: Telangana scored a stunner in IT exports by crossing a landmark of Rs 1,28,807 crore in 2019-20, a 17.03 per cent increase from 2018-19 when the exports stood at Rs 1,09,219 crore. This growth is way ahead of the national average of 8.09 per cent and the rest of the nation’s average of 6.02 per cent, despite Covid-19 affecting all sectors, including the IT, in the last quarter of the financial year.

A visibly delighted Chief Minister K Chandrasekhar Rao on Thursday congratulated IT Minister KT Rama Rao and Principal Secretary Jayesh Ranjan for the impressive strides the State has made in IT exports and said that by continuing to log in impressive growth figures year after year, Telangana has become the destination of choice for IT majors. The figures also showed that Telangana’s employment rate growing at 7.2 per cent compared to the national average of 4.93 per cent or the rest of nation average of 4.59 per cent.