March 8, 2021

Indian IT sector to take a leap in the next fiscal : Nasscom

According to the National Association of Software and Service Companies, the export from India’s Information Technology outsourcing sector is expected to rise up between 12 to 14 percent in the financial year that begins this April. The rise is anticipated to be as much $87 billion.


Nasscom has presented a report, in which it stated that the biggest markets like those of the United States and Europe were expected to grow by 10.2 percent to $75.8 billion in the financial year of 2013.

Due to a great global uncertainty the United States and Europe have cut down on their various expenditures on IT, resulting in bringing down the Nasscom forecast for the current fiscal year.

Nasscom in November said that the export would only be expected to rise in order to touch the bottom end of an earlier forecast of 11 to 14 percent.

Second-ranked Infosys and other peers taking the consideration of top ranked Tata Consultancy Services gave a huge hint in the increase on IT spending and other budgets, and are estimated to remain the same as the previous ones.