India IT sector exports to grow 12-14% in FY14: Nasscom
Feb 13 2013, 15:30 | By Reuters
Exports from India's IT outsourcing sector are expected to grow between 12 and 14 percent in the fiscal year starting April to as much as USD 87 billion, according to the National Association of Software and Services Companies (Nasscom), the industry lobby.
Exports from the industry, which counts the United States and Europe as its biggest markets, were estimated to have grown 10.2 percent to USD 75.8 billion in the current fiscal year, Nasscom said on Tuesday.
The global economic uncertainty caused corporations in the United States and Europe to cut back on IT spending, leading Nasscom to bring down its forecast for the current fiscal year.
Exports would only grow to touch the lower end of an earlier forecast of 11-14 percent, Nasscom had said in November.
Strong December-quarter results from second-ranked Infosys
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