IT-BPO exports to be $60 bn by 2010-11

[dwarakesh]

The IT-BPO sector exports will touch $60-62 billion in 2010-11 according to Nasscom. In its 'Strategic Review 2009' titled 'The IT-BPO Sector in India', Nasscom has said in the current fiscal (2008-09), exports were likely to touch $47 billion.

Exports stood at $31.4 billion in 2007-08. However, It has not given any projections for the next fiscal (2000-10). "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," the report said. The Us will continue to dominate as the key market for the industry but other markets like Europe and Asia will also witness higher growth in demand.

Pointing out that India's fundamental advantages like talent and cost are sustainable over the long-term, Nasscom said: "With a young demographic profile and over 3.5 million graduates and post-graduates that are added annually to the talent base, no other country offers a similar mix and scale of human resources."

According to Som Mittal, president, Nasscom, the Indian IT-BPO industry has reason to be optimistic not only on account of the existing potential in global sourcing in the domestic market but also because of its own positive performance, especially in the current sluggish market.

Nasscom also projected employment in the industry to touch 10.2 million in 2008-09.

Source: bpowatchindia