Why in the news ?

• According to a recent  key projection by Nasscom for 2018­-19, exports of Indian IT industry will grow 7­.9%.

More on news

• The projection by Nasscom comes  in the backdrop of continuing turbulence for the industry.
• The industry body’s projection recognises the up tick in the global economy and technology spend, as well as the challenges impacting the overall positive sentiment.
• The exports were $108 billion and $116 billion In FY16 and FY­17 respectively.
• As per the Nasscom, the Industry will further expand its digital footprint with a growth of 7­9% for technology services and 10-­12% for domestic technology.
• The industry is expected to add $14-­16 billion in revenue next fiscal. Beginning on a muted note, 2017­-18 was driven by a better growth in the second half and expected to clock revenues of $167 billion.
• The industry likely to add 1,00,000 new jobs next fiscal.
• Technology jobs in non­technology sectors are expected to grow faster. Overall, the economic growth, rapid technology adoption and progressive policies would remain the key to accelerate job creation in the country.

Source

• The Hindu.