Its not just the software export market but the domestic markets are also growing at a healthy rate as revenues from the domestic IT and ITES market have registered a growth of 26% to cross the Rs 50,000-crore mark in the 2005 calendar year over 2004.

According to market research and consultancy firm IDC India, India is now a great market with significant domestic consumption and not just a sourcing base.

IDC India included the domestic BPO market for the first time in its estimates as this market is maturing and gaining increasing traction and visibility.

The market for the domestic ITES/BPO segment has been estimated at Rs 3,800 crore in 2005 and is expected to grow at 52 per cent CAGR to touch Rs 30,000 crore by 2010.