Language
Download App

Bookmark Bookmark

Strategy Paper on Computer Software and Electronics Exports released

Strategy Paper on Computer Software and Electronics Exports released :

Electronics and Computer Software Export Promotion Council (ESC) has prepared a strategy paper for augmenting software exports to US$ 178 billion by 2022. Union Commerce & Industry and  Civil Aviation Minister Suresh Prabhu released the strategy paper.

 The Minister praised the efforts by the ESC for taking this initiative to prepare a strategy for boosting India’s computer software &ITeS and electronics export.

The Minister further added that Government of India will extend all possible support to the industry for intensifying the exports to traditional markets and to make forays into the alternate markets like Africa, Latin America and Commonwealth of Independent States (CIS).

 

India’s current position in I.C.T Export:-

India emerged as the top exporter of information and communication technology services in a 2017 UN report which highlighted the rise of the country as an emerging innovation centre in Asia.

The World Intellectual Property Organisation (WIPO) in its 10th edition of the ‘Global Innovation Index (GII)’ ranked India 60th on its list of 130 most innovative countries in the world.

The $150-billion Indian IT industry includes revenues from Business Process Management (BPM), software services and software products. Their exports contribute about 80 percent to the revenue, with the US market accounting for 60 percent of it.

 Noting that digital solutions and niche segments would be the key growth drivers, the industry's representative body said the revenue projection was based on improvements in financial services and high potential in digital business.

See personalized feed

Login & Personalize

Attempt Mock Test

View all

Attempt Mock Tests

Attempt Free Mock Tests

Daily articles on app

Daily articles on app

You might be interested:

Evening News Digest: 25 May 2018 (With PDF)

National HRD Ministry launched ‘Samagra Siksha’ scheme The Union Minister for Human Resource Development,Shri Prakash Javadekar launched the ‘Samagra Shiksha’ - an integrated Scheme for school education extending su ...

4 weeks ago

Cloze Passage

Cloze Passage/Test is that part of the competitive examination that tests not only your reading skills but also your word power. ...

4 weeks ago

Vocab Express- 472

Vocab Express- 472 Dear Aspirants, To enhance your vocabulary here are 5 new words. Use these words to improve Written and Spoken English skills. In case you have missed out on our previous Vocab Express, we would strongly advise you to read it. ...

4 weeks ago

One Liners of the Day: 25 May 2018

National These many mobile towers will be set up in 10 Left Wing Extremism (LWE)-affected states in the second phase to improve e-governance – 4072 Union Cabinet approved the Universal Services Obligation Fund (USOF) scheme for provision ...

4 weeks ago

Banking Digest: 25 May 2018

National These many mobile towers will be set up in 10 Left Wing Extremism (LWE)-affected states in the second phase to improve e-governance – 4072 Union Cabinet approved the Universal Services Obligation Fund (USOF) scheme for provision of mo ...

4 weeks ago

Seabed Project 2030: Charting world’s ocean floor by 2030 using drones

Seabed Project 2030: Charting world’s ocean floor by 2030 using drones Seabed 2030 is a collaborative project between the Nippon Foundation and General Bathymetric Chart of the Oceans (G.E.B.C.O).  It aims to bring together all available b ...

4 weeks ago

Provide your feedback on this article: