Overtaking India

Information agency "Rosbalt" (www.rosbalt.ru)

You would have to be almost totally technologically out of it these days not to know that India is the world's leader in Internet Technology (IT) development. Thus, in 2002, India exported software products worth between USD 7.6 billion and 8.2 billion. As noted by Valentin Makarov, president of Consortium "Fort Ross," during the recent Global Technology Forum held in Saint Petersburg, comparable Russian exports last year topped USD 500 million. "Productivity growth for Russian Internet companies in 2003 averaged 40%," Makarov said, "as Russia rose from seventh place [in 2001, according to the Gartner Group] to third place worldwide on certain parameters, trailing India and Ireland."

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