Indian IT industry revenue to grow by 8% to $167 bn in 2018-19 : Nasscom Noor Arora
With 37 per cent share of the global outsourcing, the Indian IT industry revenue is set to touch $167 billion for fiscal 2018-19, said its apex body Nasscom on Thursday. "The Indian IT and Business Process Management (BPM) industry revenue, including exports is set to growth nearly 8 per cent annually to $167 billion for 2018-19 from $154 billion in fiscal 2017-18," said Nasscom Vice Chairman Keshav R. Murugesh at its strategic summit here. Noting that the industry is capitalising on newer technologies and reskilling, Murugesh said the back office segment (BPM) has the largest base in the world, generating $32.5 billion revenue with 1.2 million employees across the country. "The focus is on intelligent operations -- process and domain expertise combined with digital technology. Digital is the key area for clients and service providers while companies eye strategic acquisitions," said Murugesh.