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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (10045)	12/16/1999 11:50:00 AM
From: Sam Citron	Read Replies (1) of 12475

McKinsey has predicted that in eight years ? that is, by 2008 ? the Indian software industry will be a whopping $87-bn business. Exports will account for $50 bn, while the domestic market will bring in the rest. According to the NY Times article that I posted a few moments ago, India does not impose any income tax on software exports. Is this a misguided attempt at export promotion? I would have thought that there was sufficient incentive already to export software. I recognize the importance of foreign exchange , but why impose a disincentive for Tata and Infosys to work for domestic accounts?

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