Growth of India's Software Services Exports: An Empirical Analysis

The Indian IT industry has shown a phenomenal growth. The topic has been an interest of research from past many years. It has become the preferred outsourcing destination. There are numerous factors which have contributed to the growth of the industry but primarily it is because of the hardworking, affordable and technically sound workforce of India. They started with trivial jobs or what we call ‘bodyshopping’ which later moved up the value chain due to extraordinary technical skills of India graduates. The increase in the growth of exports of India promises a rosy picture. The current research has been undertaken to forecast the software export revenues using Holt-Winters exponential smoothing method. As per the analysis of the output the industry is expected to reach exports to the value of 190.36 US billion by the year ending 2025.