Year 2007 may not have been an easy one for the Indian IT software industry. But despite facing a tough year, the sector managed to clock in 28% (currency adjusted) growth, says Nasscom in its annual survey.This adds up to $52 billion for year 2007-08, up from $39.6 billion last year. The software services sector too grew by 30%, to earn revenues of $40.4 billion. While the domestic segment grew 26% to register revenues of $11.6 billion.The survey also projects that the overall software and services revenues will grow by 21-24% (currency adjusted) to touch $50 billion in 2008-09.That’s not all, the industry is well on track to reach its target of achieving $75 billion by 2010. Surveys done by CIOs reveal in 2008 too tech spending will be similar to 2007. In fact, to stretch dollar, firms will continue to adopt more technology. However, demand for techrelated services will vary.
No comments:
Post a Comment