Financial Daily from THE HINDU group of publications
Thursday, Apr 24, 2003
Financial Daily from THE HINDU group of publications Thursday, Apr 24, 2003 |
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Info-Tech
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Piracy Curbing software piracy propels growth: Study Our Bureau
NEW DELHI, April 23 INDIA can create 50,000 more high technology jobs, add $2.1 billion to its economy and boost software industry's revenue by over $1.6 billion if the country brings down software piracy rate to 60 per cent by 2006 from the current 70 per cent, a study has said. The study, `Expanding Global Economies: The Benefits of Reducing Software Piracy', also said India can save $92 million in tax revenues by checking the use of illegal software. IT market research firm IDC carried out the study for Business Software Alliance (BSA), an organisation dedicated to promoting the use of licensed software. "Protection and enforcement of intellectual property rights encourages entrepreneurs to develop innovative products that make businesses operate more efficiently and our lives run more smoothly. Entrepreneurs can build their ideas into businesses and the growth of entrepreneurial business creates more jobs for the local workforce. This, in turn, drives spending in the economy and maximises its growth potential. Increased tax revenues are generated, which are then used to fund important public works. In short, everyone benefits," said Mr Jeffrey Hardee, Vice-President and Regional Director, Asia Pacific, BSA, here at a news conference. Mr Hardee said the report revealed not only how significant the software sector had been for economic growth in India, but how it would continue to be the engine in powering the Indian economy forward. As the software industry is growing more rapidly than traditional industries, it will become a prominent driver of economic growth. The study projects the Indian IT sector as the fastest growing in the Asia-Pacific as it is slated to move to the position of fifth largest in the region by 2006 from the sixth place. By further reducing the software piracy rate, India could accelerate the potential even further, it said. In Asia, nearly 54 per cent of software programmes were pirated and reducing the rate by 10 percentage points to 44 per cent by 2006 could create 1.1 million jobs, increase growth by $170 billion and tax revenues by $15billion.
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