Nasscom sees IT sector exports grow 13-15% in FY15

Nasscom expects the IT sector exports to grow by 13-15 percent as against 13 percent (Y-o-Y) in FY15.

The domestic IT market is expected to grow 9-12 percent and the additional FY15 revenue will be USD 13-14 billion in FY15, said Nasscom.

Addressing the media, R Chandrashekhar, president of Nasscom, said the consistency in the performance has shown the stability of the IT industry.

According to estimates, the figures were expected to be in the range of 14-16 percent. Analysts expected the guidance to be at 3-year high on the back of uptick seen in client spending, increase in spending from US and Europe and recovery in key verticals like BFSI. It was said that increased offshoring from Europe and significant traction in digital space may drive Nasscom’s FY15 guidance.