Industry emerges stronger from the global economic meltdown to post encouraging results

• Domestic market expected to witness 12 percent growth in FY09-10; to reach INR 662 billion.
• Industry will continue to be a net hirer; direct employment expected to grow by 4 percent and cross 2.3 million with over 90,000 jobs added in FY09-10.
• FY 10-11 outlook; Software and Services exports revenues to grow by 13-15 percent and domestic revenues to grow by 15-17 percent

NASSCOM today released the Indian IT-BPO sector performance estimates for FY09-10. According to the findings, export revenues for the Indian IT-BPO industry are expected to record a growth of 5.5%, to reach USD 49.7 billion in FY 09-10. [Read more…]