Indian IT industry will clock double-digit growth in FY14
Post the third-quarter results, some early signs of green shoots were seen in the IT industry. Do you think this trend is sustainable and we will have a repeat performance in Q4?
The improved third-quarter results of the Indian IT industry reaffirm the fact that the sector has strong fundamentals and we hope that FY14 will be better than the past year. Nasscom believes that the sector, which crossed the $100-billion mark last year, will clock at least double-digit growth and maintain the same momentum in the next year as well. And factors that will lead this growth are good recovery in the US market and restructured and changed business models offered by the IT industry.
Nasscom will announce its annual revised guidance for FY14 in the second week of February. While there will be pressures on the Indian IT-BPO industry, owing to the uncertain global economic climate in its traditional market, there are a growing number of indicators pointing to a recovering economy.
Till the December quarter, it was a difficult time for the Indian IT players. What do you think has changed in Q3
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