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last activity : 07 06 2010 20:18:04 +0000
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Raising hopes that the industry is emerging stronger from the global economic meltdown, to post encouraging results, India’s software and services industry body NASSCOM today said that exports in IT/BPO industry is expected to rise 5.5 per cent in the current financial to $49.7 billion.
According to NASSCOM’s Indian IT-BPO sector performance estimates for FY09-10, domestic market is expected to witness 12 per cent growth in FY09-10; to reach Rs 662 billion.
The report said government IT spend, estimated at Rs 150 billion in 2009, is expected to reach Rs 250 billion by 2011In the IT/BPO vertical APAC is the fastest growing geography with an estimated growth of 10 per cent and Indian IT-BPO industry continues to dominate the global market place with 51 per cent market share.
NASSCOM observed that IT/BPO sector will continue to be a net hirer and the direct employment is expected to grow by 4 per cent and cross 2.3 million with over 90,000 jobs added in the current financial year.Som Mittal, President, NASSCOM said it is a historic moment for the Indian IT-BPO industry as it touches the US$ 50 billion landmark.
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Raising hopes that the industry is emerging stronger from the global economic meltdown, to post encouraging results, India’s software and services industry body NASSCOM today said that exports in IT/BPO industry is expected to rise 5.5 per cent... |