Information technology body Nasscom expects the industry to grow 7-9 percent in the upcoming financial year.
Indian IT industry's export revenues will grow to $135-137 billion from the $126 billion estimated for the current year, Nasscom said in a Twitter post today. The industry body had forecast 7-8 percent growth for the financial year 2017-18.
NASSCOM announces the Indian IT Industry Outlook: FY2019- pic.twitter.com/YcGWoGk8gj
"The potential for growth is much higher and will be unlocked by facilitative policies that remove barriers," said Nasscom President R Chandrashekhar.
Domestic revenues are expected to grow 10-12 percent to $28-29 billion in the financial year 2018-19.
Digital revenues grew “faster than ever” at 30 percent this year, demonstrating the base for a solid foundation in digital capabilities built by the sector, Nasscom added. The industry body expects digital spends to grow 20 percent annually.
With software & services revenue crossing USD 150 bn & #digital growing at a rate faster than ever, here's a view into the #IT industry revenue break up through the years. #NASSCOMAnnualGuidance pic.twitter.com/qQqN6xxwh3
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