The IT sector, despite being optimistic on recovery by mid-2010, is projected to post single-digit growth of 4-7% for its software and services export during 2009-10. Projections for the domestic IT and BPO sector were pegged higher at a growth rate of 15-18% for the same time period. Nasscom released the industry annual report at its HR summit held in Chennai on Wednesday.
IT software exports stood at $46.3 billion for FY09, a 14% growth from $40.4 billion in FY08. Domestic services and BPO revenues amounted to Rs 57,000 crore, a 21% growth from Rs 47,000 crore in FY08. Nasscom had projected
Friday, July 31, 2009
IT sector to grow 7% in FY10, says Nasscom
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