RBI releases its monthly Bulletin for August 2013

The Reserve Bank of India today released the August 2013 issue of its monthly Bulletin. The Bulletin includes one special article: Survey on Computer Software and Information Technology Services Exports: 2011-12, besides regular features, viz., speeches of the top management and current statistics. The Bulletin also includes the First Quarter Review of Monetary Policy 2013-14 and Macroeconomic and Monetary Developments First Quarter Review 2013-14.

Survey on Computer Software and Information Technology Services Exports: 2011-12

This article presents the results of the annual comprehensive survey for 2011-12 on exports of software and IT-enabled services. This survey is conducted by the Reserve Bank to assess various aspects of software services exports. In all 731 companies, including most of the major companies, responded to the survey. These companies accounted for nearly 81 per cent of the estimated total software exports during 2011-12.

Major findings:

  • India™s export of software services (computer services and Information Technology Enabled Services (ITES)/Business Process Outsourcing (BPO) services) during 2011-12 was estimated at ` 2,484.3 billion (US$ 51.8 billion), of which computer services exports accounted for a share of 75.2 per cent.
  • India™s total export of software services increased by 14.5 per cent during 2011-12. While export of computer services recorded a growth of 16.8 per cent, export of ITES/BPO services exhibited 8.0 per cent growth during the year.
  • Public limited companies, which accounted for 58.7 per cent of the total export of software services, registered significantly lower growth than private limited companies.
  • Delivery of software services exports through off-site mode with a share of 82.2 per cent increased by 18.7 per cent, whereas on-site mode delivery observed a decline of 1.8 per cent during the year.
  • ˜USA and Canada™ remained the major destination for software exports with 64.3 per cent share in total software services exports. European countries had a share of 23.3 per cent, of which UK accounted for 14.3 per cent. US Dollar remained the major invoice currency for software exports with 76.4 per cent share.
  • Total international trade in software services by India, including the services delivered by foreign affiliates established abroad, stood at ` 2,937.7 billion in 2011-12, of which over two third share was accounted for by the cross-border supply mode (mode-1).
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