IT Industry To Grow At 7-8 Percent; 1.5 Lakh New Jobs  To Get Created

Hyderabad: At a time when the IT industry is facing a tough time following automation processes in traditional business and entry-level jobs, the National Association of Software and Services Companies (Nasscom) has projected 7-8 per cent growth in India's IT industry in 2017-18.

The announcement came on Thursday stating that the IT-BPM export revenues were expected to grow by 7-8 per cent while revenues from domestic market were likely to grow by 10-11 per cent.

The apex industry body gave this guidance, citing improvement in financial services and high potential in digital businesses as key drivers.

Nasscom Chairman Raman Roy told reporters that the industry was expected to add 1.3 to 1.5 lakh new jobs during the year. —(IANS)