There ia a news item SG KE Indian Software Industry Posts 30% Growth.

The highlights of the report

* Indian IT industry’s revenues clock $ 40 billion [for year ending march 2007] * The figure is likely to be $ 50 billion by March 2008

What does these figures mean?

* The IT industry would be adding 200,000 people during 2007-08 to the current strength of 800,000 people

The addition of 200,000 people would mean

* 20,000,000 sq ft addition to office space – translates as at least $ 1.5 billion * 150,000,000 sq ft addition to residential space – translates to at least $ 7.5 billion

Addition of $ 10 billion to IT industry revenues mean about $ 9 to 10 billion to Real Estate Industry Revenues – tremendous potential indeed