IT exports to grow at slower pace in FY17: NASSCOM
Q. IT exports are pegged to grow at a slower pace of 10-12 percent in which fiscal, according to NASSCOM?- Published on 05 Feb 16
IT exports are all set to grow at a slower pace of 10-12% in the fiscal 2017 according th NASSCOM. The export will be hit by currency fluctuations and the weakening of the rupee against the US dollar. IT export industry is looking at 12.3% growth in 2015-2016 closing on March 31.IT services and software industry body had forecasted a growth of 12-14 percent in exports. Rupee industry had fallen to a 29 month low against the dollar, in recent times. Currency movement influences the industry which earns close to 80% of the revenue from US and Europe. Currency movement also influences the industry which earns close to 80% of the revenue from EU and US.