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Total outstanding investments attracted by Gujarat in the information technology (IT) sector may cross Rs 2 lakh crore by FY 2020-21 from over Rs 35,000 crore in FY 2015-16, industry body ASSOCHAM. Investments attracted by Gujarat in the IT sector increased from a meager Rs 700 crore in 2005-06 to over Rs 35,200 crore in FY 2015-16, thereby clocking a compounded annual growth rate (CAGR) of about 48 per cent during the decadal period, ASSOCHAM said in a release based on an IT sector specific investment analysis conducted by it.
Total outstanding investments attracted by the IT sector across India had grown at a CAGR of a little over 17 per cent, from about Rs 46,280 crore to over Rs 2.2 lakh crore as of 2015-16, it said based on data analysed by the ASSOCHAM Economic Research Bureau (AERB).
Total outstanding investments attracted by Gujarat in the information technology (IT) sector may cross Rs 2 lakh crore by FY 2020-21 from over Rs 35,000 crore in FY 2015-16, industry body ASSOCHAM. Investments attracted by Gujarat in the IT sector increased from a meager Rs 700 crore in 2005-06 to over Rs 35,200 crore in FY 2015-16, thereby clocking a compounded annual growth rate (CAGR) of about 48 per cent during the decadal period, ASSOCHAM said in a release based on an IT sector specific investment analysis conducted by it. 
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