Nasscom sees software exports growing at 12-14% in FY’14
12 Feb 2013
Indian IT services sector's exports are expected to grow by 12-14 per cent in the financial year starting April 2013, as new business models, emerging technologies and markets drive growth, the National Association of Software and Services Companies (Nasscom) said, painting a positive outlook for the industry.
The sector is expected to post revenues of $84-87 billion in the current financial year, while domestic revenues are expected to grow by 13-15 per cent to reach Rs1,18,000 crore to 1,20,000 crore, according to the industry body.
A rise in global technology spending and opportunities from adoption of disruptive technologies would propel growth in FY14, it added.
''The Indian information technology-business process management industry has demonstrated resilience and agility in the past year. Technology has today become an integral enabler for growth across all sectors and the industry is continuously evolving and innovating to emerge as a strategic partner to its customers,'' Nasscom chairman N Chandrasekaran said.
''The thrust is intellectual protocol-led solutions served over multiple platforms that has the customer at the centre of every module, and is transformative in nature,'' he added.
Smart computing, 'anything'-as-a-service, technology enablement in emerging verticals and the SMB market among others would be the key growth drivers for the industry.