73% of software in India is pirated

An IDC study sponsored by Business Software Alliance says that 73% of software in India is pirated. Financially that translates into $367 mln of unpaid revenues. A reduction from the 70% level in 2002 to 60% by 2006 will add $2 bln to India’s economy, increase local industry revenues by around $1.6 bln, generate 48,435 new high-tech, high-wage jobs and generate $92.4 mln in tax revenues for the government.