IT exports to touch $62 bn by FY11

IT exports to touch $62 bn by FY11
PTI
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First Published: Wed, Mar 04 2009. 11 04 PM IST
Updated: Wed, Mar 04 2009. 11 04 PM IST
New Delhi: Indian Information technology and business process outsourcing export is likely to touch $60-62 billion by FY11 from $31.4 billion in FY07, according to industry body National Association of Software and Services Companies (Nasscom). In its Strategic Review 2009 report, Nasscom said that in the current fiscal, the exports could touch $47 billion.
“Despite the unprecedented economic downturn, the industry will witness sustainable growth. The global technology spending outlook for 2009 is affected by the recessionary environment but it is expected to grow from 2010,” Nasscom said.
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First Published: Wed, Mar 04 2009. 11 04 PM IST