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Telangana IT exports clock 31.44% growth at Rs 2,41,275 cr in FY23
The state's IT exports climbed from Rs 1,83,569 crore in 2021–2022 to Rs 2,41,275 crore in 2022–2023 (Rs 2,41,275 crore). According to the IT export data, the number of jobs created jumped from 7,78,821 in 2021–2022 to 9,05,715 in 2022–2023, according to Telangana's minister of information technology, K T Rama Rao.
The minister said that the IT industry saw a growth of Rs 57,706 crores in the fiscal year 2022–2023, the largest yearly growth since the state's founding. The minister cited the 2013–14 export figures, which showed that the state's IT exports totaled Rs 57, 258 crores, and claimed that more than 1 lakh new employment was generated during this fiscal year. "The state's IT exports increased by Rs 57,706 crore compared to 2021–22," claimed KTR.