Karnataka’s STPI Exports Lead India’s IT Sector with 41.86% Share
Karnataka has reaffirmed its position as India’s IT powerhouse, contributing 41.86% of total exports from the Software Technology Parks of India (STPI) in 2022-23, according to the latest STPI Annual Report.
Karnataka’s Dominance in IT Exports
The state has maintained a steady 40%+ share in STPI exports for over six years, reflecting its role as a global technology hub. In comparison:
- 2020-21: 41.36%
- 2019-20: 41.65%
- 2018-19: 40.30%
- 2017-18: 40.50%
- 2016-17: 40.45%
This steady growth highlights Bengaluru’s significance as a leading IT and innovation hub, housing top global tech firms, startups, and R&D centers.
Why Karnataka Leads in IT Exports
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Bengaluru – India’s Silicon Valley
- Home to major IT giants like Infosys, Wipro, TCS, Google, and Microsoft.
- Strong ecosystem for startups and AI-driven innovation.
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Government & STPI Support
- Policies promoting IT parks, tax incentives, and ease of doing business.
- STPI-Karnataka hosts several tech clusters boosting software exports.
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Skilled Workforce & Infrastructure
- Karnataka produces thousands of IT professionals annually.
- Cutting-edge R&D centers, incubators, and innovation labs attract investments.
The Future of Karnataka’s IT Growth
With rapid AI advancements, 5G expansion, and cloud computing adoption, Karnataka’s IT sector is poised for further growth. The state is expected to maintain its leadership in India’s software exports, reinforcing its status as the digital capital of the country.
