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HYDERABAD: Setting a blistering tempo in Info Expertise (IT) sector progress within the face of Covid-19 headwinds, India’s youngest state of Telangana has logged a 26% progress in IT exports for 2021-22 at over Rs 1.83 lakh crore. It additionally recorded 1,49,506 new jobs created in the course of the fiscal, taking the overall employment within the sector to over 7.78 lakh, a bounce of 24%.
With this, Telangana alone added one third of the 4.5 lakh new jobs created within the nation in FY22 as per Nasscom’s estimates.
The state additionally outpaced by far the nation’s IT exports progress of a bit of over 17% for FY22.
In 2020-21, the state had logged IT exports of Rs 1,45, 522 crore and created 46,489 jobs to take the overall variety of IT jobs to six,28,615.
Terming Telangana’s IT sector progress for FY22 as nothing wanting stellar, IT minister KT Rama Rao stated the astounding variety of new jobs created and exports progress clocked has surpassed all expectations.
“Once we began as a new child state of Telangana in 2014, our IT exports had been Rs 57,258 crore. Because the formation of the brand new state of Telangana, we’ve been in a position to obtain a CAGR of 15.67% from Rs 57,258 crore to Rs 1,83,569 crore,” he stated.
“When the state was shaped, there have been 3,23,396 individuals working within the IT/ ITeS sector. At present, the overall variety of workers within the IT sector is 7,78,121. In web, we’ve added 4,54,725 new IT/ ITeS jobs during the last eight years,” he added.
With this, Telangana alone added one third of the 4.5 lakh new jobs created within the nation in FY22 as per Nasscom’s estimates.
The state additionally outpaced by far the nation’s IT exports progress of a bit of over 17% for FY22.
In 2020-21, the state had logged IT exports of Rs 1,45, 522 crore and created 46,489 jobs to take the overall variety of IT jobs to six,28,615.
Terming Telangana’s IT sector progress for FY22 as nothing wanting stellar, IT minister KT Rama Rao stated the astounding variety of new jobs created and exports progress clocked has surpassed all expectations.
“Once we began as a new child state of Telangana in 2014, our IT exports had been Rs 57,258 crore. Because the formation of the brand new state of Telangana, we’ve been in a position to obtain a CAGR of 15.67% from Rs 57,258 crore to Rs 1,83,569 crore,” he stated.
“When the state was shaped, there have been 3,23,396 individuals working within the IT/ ITeS sector. At present, the overall variety of workers within the IT sector is 7,78,121. In web, we’ve added 4,54,725 new IT/ ITeS jobs during the last eight years,” he added.
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