(Adds Nasscom comments, context)
By Swati Pandey
MUMBAI Feb 11 Exports by India's IT outsourcing
sector are expected to rise 13-15 percent in the fiscal year
starting April, an industry lobby group said on Tuesday, as an
improving global economy encourages banks and companies to boost
spending on technology.
IT services exports in 2014-15 are forecast to rise to as
much $99 billion, according to the National Association of
Software and Services Companies (Nasscom).
The increase in growth rate compares with an estimated 13
percent rise in fiscal 2014, the lobby added.
"Clearly compared to what we saw in the industry 12 months
ago to now, we are seeing a far more positive momentum in our
major markets," Nasscom Chairman Krishnakumar Natarajan, also
chief executive of IT firm Mindtree Ltd, told
Last month, the International Monetary Fund raised its
global economic growth forecast for the first time in nearly two
India's biggest IT services outsourcing firms, Infosys
and Tata Consultancy Services, have forecast
stronger growth for IT spending in the next fiscal year by their
main customers in Europe and the United States.
(Writing by Aradhana Aravindan; Editing by Miral Fahmy)