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Domestic IT market has shown a 24 per cent growth in the last fiscal as against 17 per cent in software exports, according to Dataquest Top 20 survey.
However in terms of size of the market, domestic sector at Rs 33,374 crore in 2003-04 is way behind the export revenue of Rs 40,870 crore. The overall Indian IT industry is estimated at Rs 92,924 crore.
If BPO and hardware exports are added to overall IT exports from India then the figure for growth in exports comes to 24 per cent.
The growth of domestic IT market in 2003-04 compares favourably with the previous year growth of nine per cent while the pace of increase in software exports slowed down to 17 per cent in last fiscal from 26 per cent in 2002-03.
In the domestic market, services grew by 26 per cent and hardware by 23 per cent. One of the few areas of decline in domestic market was training industry which showed a negative growth for third year in a row.
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