According to the survey, the revenue and overseas billing of the IT sector shot up by 10-15 per cent and 15-20 per cent respectively. Despite the plummeting pricing to 10-15 per cent, profit margins were up 5 per cent. The employment levels too increased by as much as 40 per cent.
The industry predicts a 5 per cent growth in the IT industrial demand, with a growth in the order book position of 10-15 per cent, resulting in a 5-10 per cent increase in revenues. The overseas billing is also projected to increase by 15 per cent. Despite an expected decline in price to 5 per cent, the IT industry is likely to register a 5 per cent growth in profit margins.
While expressing concern over the lack of availability of right talents, the industry expressed that measures may be introduced to impart the required skills to the students at the college level to make them industry-ready.
