Chennai: After a dream run for years,
India`s export revenues from software and services industry is
expected to see just 4-7 per cent growth this fiscal and the
downturn is likely to continue till mid-2010, industry body
The software and services exports revenue may grow by 4-7
per cent in FY09, Nasscom Chairman Pramod Bhasin told
reporters here while pointing out that the software and
services industry has done remarkably well, despite the global
"While there are signs of (market) recovery, the industry
has performed well to the growth rate it had... in turbulent
times," Bhasin said.
Export revenues from the IT and BPO sector, he said,
may see 16.3 per cent growth from USD 40.4 billion in 2008 to
USD 46.3 billion in 2009.
Moreover, the core markets like banking and financial
services industry have started to stabilise and increased
investments are expected to yield results in the year ahead,
Business Process Outsourcing Sector growth would be led
by procurement outsourcing, analytics and also by the KPO.
Stating that this is one the worst recession that the
world has seen he said, "Opportunities exist in health care,
retail, education sectors."