Posts Tagged ‘india gdp’

India GDP growth Forecast

Here is the India’s GDP growth forecast for 2008-09 by major financial and research institutions including International Monetary Fund (IMF).

GDP GROWTH FORECAST FOR INDIA: 2008-09

Forecast (in %)

  • IMF - 7.9%
  • ADB - 8.0%
  • UNESCAP - 9.0%
  • Citigroup - 7.7%
  • Deutsche Bank – 8.4%
  • Morgan Stanley – 7.0%
  • JP Morgan Chase – 7.0%

Software services contributes 4.5% of India’s GDP

infosys.jpg

India’s software services industry employs about 2 million and contributes 4.5% of India’s GDP. The information technology industry is expected to generate about $64 billion in revenues for the year ending in March, a growth rate of 33%.

Also Read: India Computer Services Revenue to Exceed Forecast