Chandrasekhar said he expected the domestic IT services industry to grow next year in the band of 13 to 15 percent with several companies reporting a positive outlook for the future.

"If you look at projections of all the companies, most of them have been quite optimistic about the growth rate for next year in comparison to the growth rate for current year.

"In fact, I am somewhat surprised by your question and comments, because when this projections were shared in Mumbai, people asked us how do you justify your pessimistic projection. Because, actually most of the companies are saying it is much better than that," Chandrasekhar said.

He said, "we take a balanced view after considering all of these aspects. That’s why we said next year we expect the growth rate to be somewhere in the band of 13 to 15 percent, while in the current year, we projected 12 to 14 percent".

Replying to a query, he said the Nasscom expected a whole range of policy measures from the new government to be in place after the general elections to support the growth of SMEs, growth of industry in small towns, to make it easy to start a company, put a low regulatory burden on companies and provide some kind of incentives to companies to facilitate their growth.

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