Photo: Mint
Photo: Mint

Indian IT industry to grow at 12-14% in 2016-17: Nasscom

All IT businesses are showing a fair amount of growth, says C.P. Gurnani, chairman of Nasscom

Hyderabad: Software industry body National Association of Software and Services Companies (Nasscom) expects the country’s information technology (IT) industry to grow at 12-14% during 2016-17 even as a stormy debate on job outsourcing rages on in the run-up to presidential elections in the US, the biggest market for the $108 billion industry.

“In terms of growth, Nasscom, based on its study and collective inputs from the members, is projecting a growth of 12 to 14%," said C.P. Gurnani, chairman of Nasscom and managing director and chief executive of Tech Mahindra Ltd.

“All our businesses, we are happy to report, are showing a fair amount of growth," Gurnani added, referring to traditional outsourcing firms, product companies and some Internet-based start-ups.

Gurnani was appointed chairman of the industry body, one of the most powerful lobby groups in the country, on Wednesday. Raman Roy, chairman and managing director of business process management firm Quatrro Global Services Pvt. Ltd, was appointed vice chairman for 2016-17.

Gurnani takes over as chairman from B.V.R. Mohan Reddy, chairman emeritus of Hyderabad-based engineering services company Cyient Ltd. Mohan Reddy will head the skills council of Nasscom.