Processing .....please wait.. 
The article has been forwarded.... 
Indian IT-Outsourcing sees Mixed Trends
By siliconindia
|
Wednesday, 07 December 2011, 01:30 IST
4. Software Products
There’s a noticeable shift in the Indian Software product business ecosystem which has helped create an enabling environment for the growth of Indian Software Products. There are many catalysts in the development of the domestic market for software products, such as, improvements in the talent and support ecosystem, innovations is software product technology, delivery/business models, and changes in the Indian economy. Increased growth of IT by enterprises, especially among SMBs, and home-users has driven growth in this segment.
5. Indian IT to Grow by 16-18 Percent
Software lobby Nasscom has projected that Indian IT-BPO will attain a growth of 16-18 percent by FY 2012, and despite having so many tilting drawbacks it is quite confident about its survey. “There is no reason for us to be worried. We have spoken to customers, and they are looking at expanding into geographies and bringing newer solutions to the market”, Nasscom President said on the sidelines of the Nasscom BPO Strategy Summit 2011. The growth in software and services export is expected to be 16-18 percent and the sector is slated to bring in revenues of $68-70 billion. The growth in the domestic market is estimated to be 15-17 percent, with revenues of about $19-20 billion.
