- Europe is the second largest IT market after the US, growing by 13 per cent compared to the US' 8.2 per cent in 2000.
- Big Indian IT firms like TCS, Wipro and Infosys are expanding operations here.
- Banking, insurance, telecom and government are the major spenders.
- Indian software exports to Europe grew by 48 per cent in 2000-01 to $1.4 billion; target for 2005 is $7 billion.