The Reserve Bank of India (“RBI”) by a Press Release dated 16th March, 2021 has issued a survey on Computer Software and Information Technology- Enabled Services Exports for the year 2019-20.
The survey collects details on India’s exports of software services (computer services and information technology enabled services (ITES)/business process outsourcing (BPO) services) as per type of activity, on-site/off-site nature of services, country of destination and four modes of supply.
Key highlights of the survey
• Private limited companies accounted for more than half of the total export of software services;
• India’s export of software services stood at US$ 128.6 billion during 2019-20, registering 9.1 per cent growth over the previous year;
• Exports of computer services and ITES/BPO services contributed 66.6 per cent and 33.4 per cent, respectively, of the total software services exports;
• The off-site mode remained the preferred mode of delivery of the total export of software services;
• The share of exports of software services through the cross-border supply mode increased during the year; other three modes of delivery (viz., consumption abroad; commercial presence; and presence of natural persons) together accounted for 24.9 per cent.
Source : Reserve Bank of India
