Software Export To Grow 14 Percent This Fiscal: Nasscom

16
cmt right
14
Comment Right
29
cmt right
7
cmt right
Printer Print Email Email


Mumbai: The domestic information technology (IT) sector will grow by 12-14 per cent, while IT exports are likely to reach $86 billion in the current fiscal on the back of adoption of new technologies and tapping new geographies by corporates, the National Association of Software and Services Companies (Nasscom) said here on Wednesday.



“The (IT sector) growth will be 12-14 per cent in dollar terms and in rupee terms, it will be higher because of currency (fluctuations),” Nasscom President Som Mittal said here.



He was here to attend a two-day IT conclave, organised by the UT Chandigarh Administration in collaboration with the Punjab Government and the Confederation of Indian Industry (CII).



Nasscom was also positive about achieving higher growth this fiscal as IT companies came out with good financial results in last two quarters.



“Last fiscal, the IT sector grew by 10.3 per cent...but the last two quarters results (showed) companies are doing good,” he said. Asked about the likely IT exports, Mr. Mittal said IT exports would reach $86 billion from $76 billion in the last fiscal.
Read Also:
India PC Sales Up 8 Percent To 3.24 Million Units
Digital Technology Can Push $20 Billion Sales Opportunity: Nielson Report


Source: PTI
next new
SPOTLIGHT
Robyn Denholm is new Tesla
Electric car company Tesla on Thursday announced the appointment of Robyn Denholm, an executive at..
ATEN India Showcases its World
ATEN India, the Liaison Office of ATEN International, exhibited it's most promising data center in..
Gartner cites Newgen Software as
Newgen Software, a provider of Business Process Management (BPM), Enterprise Content Management (E..
Apple top-selling phone brand in
Moving ahead of its Chinese rivals, Apple became the top-selling phone brand during Chinese e-comm..