Mumbai, July 08: The software exports from India will attain USD 50-billion target by 2008 as situation is conducive, even though the industry requires to post a 33 per cent growth in the coming years, Nasscom has said. "The Indian software industry posted a 26 per cent growth during the last financial year, even though it spending remained flat," Nasscom president Kiran Karnik told reporters here today, adding the industry's base had posted a 50-60 per cent growth during the previous fiscal.

The drivers of growth during the previous fiscal were business process outsourcing (BPO) and software exports, and the industry expects to replicate this in the coming years, Karnik said.
The industry needed to grow by around 33 per cent to achieve the USD 50-billion target and a little help from authorities, he adding Nasscom was "confident and optimistic" on its growth. Bureau Report