An industry review of Information Technology and Information Technology Enhanced Services (IT/ITES) projected a 28% growth revenue from these sectors to net USD 47.8 billion and its portion of gross domestic product (GDP) at 5.4% in 2006-07. This is a ten-fold increase from the USD 4.8 billion revenue in 1997-98. Of this, the domestic IT market was valued at USD 15.9 billion recording a 21% growth. Growing at 32.6% and largely beating forecasts, the service and software exports contributed the most of the sector revenues at USD 31.3 billion.
National Association of Software and Service Companies (Nasscom) Strategic Review 2007 said that the target is USD 100 billion by 2010 at current growth rates and USD 60 billion at lower rates. NASSCOM Chairman Ramalinga Raju said that the country is perfectly poised to tap new opportunities in off-shoring and domestic segments for greater wealth and intellectual property (IP) creation.