Jul 9, 2008

IT software and services to touch $50 bn by 08-09

Despite a tough economic scenario Indian IT software and services will touch the $50 billion mark in FY08-09, though the indicated growth is lower at 21-24 (currency adjusted) per cent, says NASSCOM.

The annual survey on the performance of the Indian software and services sector for FY 2007-08 reports that the Indian IT-BPO industry (including domestic market) recorded an overall growth of 28 per cent (currency adjusted), clocking revenues of $52 billion in FY07-08 up from $39.6 billion in FY06-07.

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