Outsourcing 'to earn India $40bn'

Indian software and services exports are expected to earn about $40bn (£19.9bn) in the year to March 2008 as demand for outsourcing remains strong.

The National Association of Software and Service Companies (Nasscom) added that the sector should achieve $60bn in export revenue by 2009/2010.

"We are confident and I think we will get there," said Nasscom president Kiran Karnik.

"The overall demand is strong... the headroom for growth is huge."