Software Earnings Slowed Down To 13.2% In 2001-02

Mumabi, May 20: | Updated: May 21 2003, 05:30am hrs
The software services witnessed a slowdown in 2001-02 and grew by a mere 13.2 per cent with earnings at $7.2 billion as compared to a rise of 58 per cent in 2000-01. Software contributed to the extent of 49 per cent of the total invisible receipts under the head of miscellaneous services.

Miscellaneous services, including software services, management and communication activities were major contributors to invisible receipts in 2001-02 at $14.67 billion ($12.87 billion in 2000-01), the Reserve Bank of India said in its monthly bulletin on Tuesday.