Indian IT-BPM Industry To Grow At Over 8 Per Cent In 2017, Says Nasscom

The Indian IT-BPM industry is poised to grow at 8-10 per cent in the financial year 2017, demonstrating sustained growth despite global headwinds, IT industry's representative organisation Nasscom said on Wednesday.

According to the guidance, India will continue to gain market share which is currently at 7 per cent of global software and IT services and 56 per cent of global sourcing. Driven by strong and stable fundamentals, Nasscom reiterated that the long-term opportunity and potential for the industry remain unchanged, with a vision to achieve $350 billion by 2025.

The Indian IT-BPM industry will receive 14 per cent revenues from digital solutions - four times the growth since 2014. Software and IT services globally are set to grow at a healthy pace of 7.2 per cent and 4.4 per cent, respectively in 2017.

With inputs from IANS