Jul-Feb ITeS export remittances rise 14.9pc to $1.977bn YoY

IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre services increased by around 14.9 percent during the first eight months (July-February) of the current fiscal year 2023-24 and remained $1.977 billion compared to $1.720 billion during the same period of last fiscal year.

The official data showed that ITeS exports’ remittances decreased by around four percent on a month-on-month (MoM) basis in February 2024 and remained $257 million compared to $265 million in January 2024.

On a year-on-year (YoY) basis, the sector export remittances increased by around 32 percent compared to $195 million in February 2023.