Nasscom 2021 Takeaways : New Client Expectations And Higher Spends Drive Acceleration: Nirmal Bang
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Nasscom 2021 Takeaways : New Client Expectations And Higher Spends Drive Acceleration: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

Two specific sessions of Nasscom 2021 on February 18, 2021 added a lot of value 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.

Click on the attachment to read the full report:

Nirmal Bang Information Technology- Sector Update 19 February 2021.pdf

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