Nasscom projects single-digit export earnings for IT,ITeS

Som Mittal,president,Nasscom,said the growth projections have been arrived at considering the fact that the economic downturn has led to severe cuts in the IT budgets across the globe,especially in discretionary spending. There are other factors as well like there has been a shift from onsite to offshore,which has brought down the revenues though the effort continues. Moreover,in some sectors the transactional volume has come down like in the BPO industry, he said.

The total revenues of the IT and BPO industry,which includes exports and the domestic market was at 58.8 billion for the financial year 2008-09,a growth of around 13 year-on-year.