Software services industry lobby NASSCOM indicated it expects the sector to grow 8-10 percent in 2017-2018.
NASSCOM revised down its fiscal 2017 revenue growth target to 8-10 percent from 10-12 percent as US headwinds emerged.
The United States is the largest revenue source for the industry.
Many domestic IT companies may change their business strategies and regroup themselves owing to newer trends such as increasing automation artificial intelligence, digital data and digital disruption.
At the same time, there is a feeling within Nasscom that the industry is going to change. It is going to change because of automation, artificial intelligence, digital data and digital disruption. So, many companies will regroup themselves and re-architect their journey forward.
Current trend also suggest that job accretion will be at best half of its growth in recent years.NASSCOM: Know More
- Chairperson: C. P. Gurnani
- Founded: 1 March 1988
- Motto: Transform Business, Transform India
- Headquarters: Chanakyapuri, New Delhi
- Founders: Dewang Mehta, Nandan Nilekani