India's IT exports seen growing 10-12% in fiscal 2017: industry body

FEB 4, 20164:28 PM

[MUMBAI] India's IT and software services export revenue is expected to grow between 10 per cent and 12 per cent in the next financial year beginning in April to as much as US$121 billion, an industry body said on Thursday.

In the fiscal year ending on March 31, 2016, export revenue is expected to grow 12.3 per cent to US$108 billion, helped by new business wins in the high-margin digital services business, the National Association of Software and Services Companies (Nasscom) said.

India's IT services exporters, including Tata Consultancy Services and Infosys, have been betting on high-margin digital services to drive growth as focus shifts away from routine technology services contracts.

REUTERS