Amid signs of fast recovery from the impact of global economic slowdown, the information technology and business process outsourcing (BPO) industry would see its exports reach $50 billion in the current financial year, registering a growth of over 5 per cent. Similarly, export revenues are likely to grow at 13-15 per cent next fiscal to cross $57 billion, with the US remaining the dominant market.

In its yearly performance report, the National Association of Software and Service Companies (Nasscom) has said the domestic IT-BPO market is likely to reach Rs.66,200 crore, clocking a growth of 12 per cent, while in the next fiscal domestic revenues are likely to grow by 15-17 per cent to touch Rs.76,100-77,500 crore, particularly due to government IT spending. (more…)