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Question

General Knowledge Question on Business and Economy

According to NASSCOM, during the fiscal 2002-03, Indian software industry's exports will achieve a revenue of

A

$6.9 billion

B

$8.5 billion

C

$10.1 billion

D

$12.5 billion

Answer

$8.5 billion

Explanation

Solution

The correct option is (B): 8.5billionAccordingtoNASSCOM(NationalAssociationofSoftwareandServiceCompanies),duringthefiscalyear2002−03,theIndiansoftwareindustry′sexportswereexpectedtoachievearevenueof8.5 billion According to NASSCOM (National Association of Software and Service Companies), during the fiscal year 2002-03, the Indian software industry's exports were expected to achieve a revenue of 8.5 billion. This reflected the growing impact of India's IT and software services sector on the global market during that period.