IT sector to grow by 2% to $194 bn, add 138,000 employees in FY21: Nasscom

Industry bucks Covid trend on the back of rapid digital transformation and tech adoption; Exports set to touch $150 bn

The National Association of Software & Services Companies (Nasscom) has projected a 2.3 per cent revenue growth in FY21 for the country’s information technology industry despite the pandemic. Nasscom has pegged the Indian IT industry’s revenue during the current financial year at $194 billion, up from $190 billion in FY20.      

Compared to previous years when the industry registered a growth of 6 to 7 per cent, the current numbers are subdued.  

Although several players faced pricing pressure as the global economy contracted, the Indian IT services segment is set to grow 2.7 per cent to $99 billion, according to the