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February 15, 1999


By CBR Staff Writer

Even in a sluggish stock market where blue chip firms like Tisco and ACC are at the bottom, Indian software firms are buoyant. In fact, some of the firms’ shares rose by 100% in a few months. India’s apex software body Nasscom has estimated that total market capitalization of software shares has crossed $23.5bn. This is almost equal to 10% of the total GDP. Nasscom estimates that software exports will constitute 20% of the country’s total exports in just three years. These exports have been growing at almost 50% every year.

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