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IT services exports seen growing 12-14 per cent in 2015-16

According to Nasscom, the sector's exports in 2015/16 are forecast to rise to as much as $112 billion.

Sumeet Chatterjee   Mumbai     Last Updated: February 10, 2015  | 13:37 IST
IT services exports seen growing 12-14 per cent in 2015-16
The sector's exports in 2015/16 are forecast to rise to as much as $112 billion. (Photo: Reuters)

Indian IT outsourcing sector is expected to see export revenue growing 12-14 per cent in the financial year starting in April.

The sector's exports in 2015/16 are forecast to rise to as much as $112 billion, according to the National Association of Software and Services Companies (Nasscom).

"That compares with an estimated rise of about 12 per cent from the previous 12 months, in the fiscal year ending on March 31," Nasscom said on Tuesday.

Top Indian outsourcing companies Tata Consultancy Services and Infosys have been seeing benefits of a global economic recovery spill over their clients' technology budgets.

This has boosted business for outsourcing firms, who make as much as three-quarters of sales by providing services including technology infrastructure management and development of software applications to clients in the United States and Europe.

(Reuters)

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