You are here

India's IT exports seen growing 10-12% in fiscal 2017: industry body

[MUMBAI] India's IT and software services export revenue is expected to grow between 10 per cent and 12 per cent in the next financial year beginning in April to as much as US$121 billion, an industry body said on Thursday.

In the fiscal year ending on March 31, 2016, export revenue is expected to grow 12.3 per cent to US$108 billion, helped by new business wins in the high-margin digital services business, the National Association of Software and Services Companies (Nasscom) said.

India's IT services exporters, including Tata Consultancy Services and Infosys, have been betting on high-margin digital services to drive growth as focus shifts away from routine technology services contracts.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes