Domestic IT, ITeS export revenues may go up by 14 percent
Added On:2/15/2012 9:21:00 AM
According to a recent report given by Nasscom, export revenues from IT-enabled services sector is expected to grow between 11 and 14 percent in terms of US dollar. Also, the domestic market is expected to grow by 13 to 16 percent in rupee terms.
It is worth noticing that Nasscom is a trade association of Indian Information Technology (IT) and Business Process Outsourcing (BPO) industry.
Report also mentioned, for fiscal 2013, software and services growth is forecasted between range of 11 to 14 percent in US dollar terms, while a revenue growth of $8-10 billion is expected.
It is found that revenues are growing at faster pace than people added which is indicating that the shift towards non-linearity in revenues is beginning to happen. It is expected that in FY12, IT industry revenues will grow at over 16 percent, while the number of people added is likely to grow only by 10 percent.
As a matter of concern, it is found, over the last 20 years, the Indian IT industry has grown from $ 100 million to $ 100 billion.
According to Rajendra Pawar, Nasscom(National Association of Software and Services Companies) Chairman, there would be a significant jump in spending on e-governance projects by various states.
Market watchers added, improvement in market visibility is the significant reason, which is likely to bring big jump in Indian IT industry.
Tags: Indian IT, Domestic IT, IT News, retail industry, Nasscom, Rajendra S Pawar, Chairman, Nasscom, Som Mittal, President, Nasscom, IT industry
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