The organisation that represents Indian IT services firms expects a recovery in sales growth with an increase by...
as much as 14% in the next 12 months.
This represents a recovery after exports only grew about 10% last year compared with over 16% the previous 12 months.
The National Association of Software and Services Companies (Nasscom) expects the 12 months beginning in April to see IT and BPO exports to increase by between 12% and 14% compared with last year. If this growth is achieved, exports of IT services by Nasscom members will be worth $87bn.
In the last year, sales were worth $75.8bn, which was a 10% increase on the previous year. Sales in the 12 months prior to that grew over 16%.
A large slice of Nasscom member sales are to European and US businesses.
Nasscom is reported as saying: "[The] increase in global technology spending and opportunities created through adoption of disruptive technologies are expected to propel growth in 2014.”
These disruptive technologies, include cloud computing, consumerisation of IT, mobile and big data.
Indian IT services giant Cognizant reported sales worth $1.95bn in its latest quarter, an increase of 17.1% from the same period a year ago. UK head Sanjiv Gossain told Computer Weekly last year that the company was seeing strong demand for social, mobile, analytics and cloud technologies.
BG Srinivas, head of Europe at India’s second-largest IT services firm also said that mobile, analytics and the cloud were strong growth areas for the company.