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India IT sector exports to grow 13-15 pct in FY15-Nasscom
February 11, 2014 / 6:50 AM / 4 years ago

India IT sector exports to grow 13-15 pct in FY15-Nasscom

MUMBAI, Feb 11 (Reuters) - The Indian IT outsourcing sector is expected to see exports growing 13-15 percent in the fiscal year starting in April, an industry lobby group said on Tuesday, with improving U.S. and European economies driving growth.

The sector’s exports in 2014/15 are forecast to rise to as much as $99 billion, according to the National Association of Software and Services Companies (Nasscom).

That compares with an estimated 13 percent rise in fiscal 2014, Nasscom said.

Strong December-quarter results from second-ranked Infosys and its peers, including top-ranked Tata Consultancy Services, has fuelled expectations that the coming fiscal year will see an increase in IT spending by the sector’s customers, most of whom as based in the United States and Europe. (Reporting by Swati Pandey; Editing by Sunil Nair)

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