UPDATE 2-Indian software services sector to grow 7-9 pct in FY19 - lobby group [Reuters]
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Source: Reuters
UPDATE 2-Indian software services sector to grow 7-9 pct in FY19 - lobby group | Reuters Reuters Staff 4 Min Read * Current outlook is one of cautious optimism - NASSCOM president * IT sector added 100,000 jobs in year to March 2018, to add similar number of jobs in fiscal to March 2019 (Updates to clarify hiring forecast for 2018/19 fiscal year) By Sankalp Phartiyal HYDERABAD, India, Feb 20 (Reuters) - India’s software services exports will see revenue growth of 7-9 percent in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Tuesday, as the industry continues to recover from what has been a tough year. The forecast, which was put out at the annual summit of the National Association of Software and Services Companies (NASSCOM), is in line with the 7.8 percent revenue growth it expects in the six months to the end of March 2018. The country’s $154-billion information technology sector has been buffeted by a broader slowdown in technology spend
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