In software, India faces competition from China, Brazil

New Delhi: The share of information and communication technology (ICT) in India's services exports "declined marginally" between 2006 and 2016, contrary to the trend in nations like China, Brazil, Russia and the Philippines, indicating rising competition for India from such countries, the Economic Survey said. 

The Economic Survey cited World Bank database as on January 19, 2018, to say that ICT accounted for 67 per cent of India's services exports in 2016, compared with 68 per cent in 2006. "The share of ICT in total services exports for India declined marginally during the decade (2006-2016), while the ICT share in total services exports has increased in economies like China, Brazil, Russia, Philippines, Israel and Ukraine...," it said. This indicated "increasing competition" for India from these countries, it added. 

ICT share in China's service exports grew from 22 per cent to 40 per cent in 2006-2016, while Brazil saw this contribution increase from 43 per cent to 55 per cent, during this period.

Referring to RBI data, the Survey said: "software exports registered a growth of (-)0.7 per cent in 2016-17". However, during the first half of the financial year 2017-18, it grew by 2.3 per cent, the Survey said taking note of growth in "software returning to positive territory".