'Indian IT industry will grow despite meltdown'

New Delhi, Feb 4: NASSCOM reports suggest that India's software and services export revenue is expected to clock 16-17 pc growth in the current fiscal. This include the revenue from IT and BPO too, posting a revenue of $47 billion in 2008-09.

Earlier the organisation had predicted that the current year software and services export revenue could touch $50 billion and anticipated a growth rate upto 21-24 pc. Industry body NASSCOM on Wednesday said the revenue estimate for FY '11 (2010-11) in software and services export is $60-62 billion. The combined software and services revenue (export and domestic) is estimated to touch $60 billion in 2008-09, it said.

Chairman of NASSCOM, Ganesh Natarajan on Wednesday, Feb 4 said, "Due to strong fundamentals and other derivatives of value to customers the industry will continue to grow despite global slowdown." He was releasing the performance and future trends of the IT industry in the current fiscal.

Reports suggest that the BPO export is estimated to grow at 17.5 per cent in the current fiscal and touch $12.8 billion. Som Mittal, the NASSCOM President said that the BPO industry will see sustainable growth over the coming years.

OneIndia News (With inputs from Agencies)