IBM rides on a current rate of growth of  39 % and expects revenues from its India operations to reach $ 1 billion by the end of December 2007.

IBM’s Vice-President (Financial Management) Jesse Green said that revenues are expected to grow from $ 700 million in 2006. Growth of over 39 % has been reported in the first three quarters of the current fiscal year.

The $ 1 billion figure would include revenues from services and solutions provided by IBM to its domestic customers and other global corporates operating in India. The figure includes revenues from IBM Daksh, its business process outsourcing unit.

IBM has over 50,000 employees in India, making it one of the biggest centers for the company’s human capital.