Software Export To Grow 14 Percent This Fiscal: Nasscom

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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:
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Digital Technology Can Push $20 Billion Sales Opportunity: Nielson Report

Source: PTI
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