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Nirmal Bang Report
Two specific sessions of Nasscom 2021 on February 18, 2021 added a lot of for investors in the sector.
1. Takeaways from 2021 Nasscom – Mckinsey study regarding growth outlook and service provider focus/priorities in the medium term
2. An interaction involving Chief Executive Officers of Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd.
The key takeaway from the Mckinsey study for investors is that Indian Industry (defined in a much more broader sense than just the IT services providers) will likely be growing at ~10% compound annual growth rate compared to the ~7.5% CAGR of the last five years.
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