NASSCOM predicts 13% to 15% growth in Indian IT, BPO exports

The findings of the annual survey conducted by the National Association of Software and Service Companies (NASSCOM), the premier organization of Indian IT and IT-enabled Services (ITeS) companies, reveal that country information technology and business process outsourcing exports are likely to increase by 13% to 15%, while the growth of the domestic IT and BPO sector is likely to grow by 15% to 17% during the 2011 fiscal year.

An industry related website reports that NASSCOM has also circulated the annual rankings for different categories for the financial year 2009-10, including the Top 20 information technology software and services exporters in India (exclusive of BPO revenues), the Top 15 BPO rankings as well as the Top 20 IT-BPO employers in the country. Another online report says that while NASSCOM ranked Tata Consultancy Services (TCS) the top company in two categories – Top 20 information technology software and services exporters as well as the Top 20 IT-BPO employers in India during the fiscal year 2009-10, Genpact India was ranked numero uno in the Top 15 business process outsourcing exporters list for the corresponding period.

The NASSCOM report further says that on the whole the Indian information technology and BPO industry not only registered an encouraging growth during the 2009-2010 fiscal ended on March 31, 2010, but is also expected to see a vigorous growth during the current fiscal owing to the development in the core market as well as complemented by considerable involvement of emerging markets.

According to the report, several issues, including propelling platforms, such as BPO, remote infrastructure management, finance and accounting, cloud services and ADM would drive growth. The report further says that the IT and BPO industry in the country is likely to surpass $70 billion in the 2011 fiscal year.

While the IT-BPO industry will continue to maintain a healthy growth rate, even the workforce in this sector will increase rapidly and the industry will add 200,000 new employees with direct employment reaching 2.5 million by the end of this year. According to Som Mittal, president of NASSCOM, the year 2010 ought to be regarded as a year of ‘return-to-growth’ along with minor raises in budget and essential IT spending by enterprises. He concluded saying that as usual, NASSCOM would continue to play its part to facilitate as well as collaborate in the growth of the industry in the new decade.