Pune, Jun 4 (PTI) In a significant finding, a study has claimed that the government suffered revenue losses of USD 866 million (about Rs 3,900 crore) in 2009 on account of the high rate of software piracy in the country.
Businesses, who are otherwise legitimate, use software on a large scale but they evade paying tax when they are not buying licensed software, thus causing a big loss to the state exchequer and disruption of the domestic software eco-system, says an International Data Corporation (IDC) whitepaper, 'Software Piracy in India', released here.
Despite the growth in the Information Technology (IT) sector, substantial value in form of potential revenues is lost due to software piracy.