IT, BPO exports to increase by 13 to 15 percent in FY'11
By siliconindia   |   Friday, 13 August 2010, 15:51 IST   |    3 Comments
Printer Print Email Email
IT, BPO exports to increase by 13 to 15 percent in FY'11
Bangalore: National Association of Software and Service Companies (Nasscom) has announced the findings of its annual survey saying that Indian IT-BPO exports are to grow by 13 to 15 percent while domestic IT-BPO is expected to grow by 15 to 17 percent during FY'11. Nasscom also released the annual rankings for the following categories, for FY09-10: Top 20 IT software and service exporters in India (excluding BPO revenues), top 15 BPO rankings and top 20 IT-BPO employers in India. TCS is the top company in IT-BPO exports. (See tables). According to Nasscom, the Indian IT industry will witness healthy growth this year, led by growth in the core markets and supplemented by significant contributions from the emerging markets. Growth drivers include a thrust on platforms like BPO, analytics, finance and accounting, remote infrastructure management, ADM, and cloud services. The Indian IT-BPO industry is expected to exceed $70 billion in FY'11. The industry headcount addition is expected to double this year to touch 2,00,000 new employees, leading to 2.5 million direct employment. Speaking on the launch Nasscom President Som Mittal said, "The year 2010 should be considered as a 'return-to-growth' year with marginal increase in budgets and essential enterprise IT spending. NASSCOM will continue to facilitate and collaborate to support the industry's growth, as it embarks in the next decade. We visualise a broadening of our role - one that entails greater collaboration across markets, sectors and within India."