The organisation that represents Indian IT services firms Nasscom is predicting a recovery in demand for IT services exports.
Nasscom 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.
Most of Nasscom members’ exports are to the US and Europe.
But does this mean that European and US businesses are spending again or just that they are spending more with offshore suppliers to cut their costs?
The Nasscom report claims this is the result of growth in overall global spending driven by the adoption of disruptive technologies such as cloud computing, consumerisation of IT, mobile and big data.
What are your thoughts on the demand for IT services over the next year?