IT industry body Nasscom said the sector in the country would grow by 12-14% while IT exports are likely to reach $86 billion in the current fiscal on the back of adoption of new technologies and tapping new geographies by corporates.
"The (IT sector) growth will be 12-14% in dollar terms and in rupee terms it will be higher because of currency (fluctuations)," Nasscom President Som Mittal said here.
He was here to attend two-day IT conclave organised by UT Chandigarh Administration in collaboration with Punjab government and CII today. Nasscom was also positive about achieving higher growth this fiscal asIT companies came out with good financial results during last two quarters.
"From $76 billion last year, it is expected $86 billion...it is $10 billion increase...lets not talk about slowdown, the base has increased. Therefore, the growth in per centage will certainly drop as the base has increased," he said.
He said the hiring in current fiscal may be 1.80 lakh. Asked about emerging markets, Mittal said that the US market would continue to grow while Asia Pacific was also growing, adding that though the global economies were still struggling.
"The (IT sector) growth will be 12-14% in dollar terms and in rupee terms it will be higher because of currency (fluctuations)," Nasscom President Som Mittal said here.He was here to attend two-day IT conclave organised by UT Chandigarh Administration in collaboration with Punjab government and CII today. Nasscom was also positive about achieving higher growth this fiscal asIT companies came out with good financial results during last two quarters.
"From $76 billion last year, it is expected $86 billion...it is $10 billion increase...lets not talk about slowdown, the base has increased. Therefore, the growth in per centage will certainly drop as the base has increased," he said.
He said the hiring in current fiscal may be 1.80 lakh. Asked about emerging markets, Mittal said that the US market would continue to grow while Asia Pacific was also growing, adding that though the global economies were still struggling.
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