‘IT to grow 33% despite slowdown’

by Dave

via The Times of India
Despite a global slowdown, Indian IT industry will continue its upward movement. And even if growth rates do slow down a bit, the industry will still reach its target revenue of $60 billion by 2010, says Nasscom. “We expect the Indian IT-BPO revenue to grow at 33% this year. Exports have already touched $40.8 billion and the domestic market has crossed $23 billion,” says Som Mittal, president, Nasscom. “Even if we are able to maintain a 22% growth rate, the IT industry will be able to meet its target of $60 billion by 2010,” says Mittal.