Nasscom Expects Indian IT Sector Growth To Remain Steady In FY19

Information technology body Nasscom expects the industry to grow 7-9 percent in the upcoming financial year.

Indian IT industry’s export revenues will grow to $135-137 billion from the $126 billion estimated for the current year, Nasscom said in a Twitter post today. The industry body had forecast 7-8 percent growth for the financial year 2017-18.

"The potential for growth is much higher and will be unlocked by facilitative policies that remove barriers," said Nasscom President R Chandrashekhar.

Domestic revenues are expected to grow 10-12 percent to $28-29 billion in the financial year 2018-19.

Digital revenues grew “faster than ever” at 30 percent this year, demonstrating the base for a solid foundation in digital capabilities built by the sector, Nasscom added. The industry body expects digital spends to grow 20 percent annually.