China a matter of concern, not a threat: Nasscom

 The study reveals the IT-BPO industry in China is still in its early phases of evolution but has the potential to develop a large IT-BPO industry. There is a strong case for increased partnership between the two countries as global corporations strive to strike a balance in their Sino-India co-sourcing models, states the report.

 With a growth rate of 22 per cent, the Chinese software and services revenues is poised to reach $28 billion by 2010 -- including a domestic market at over $20 billion. Software and services exports from India, on the other hand, are set to reach $60 billion by 2010. The scale of the overall sector in China, thus, is still less than a third of that in India. The domestic market accounts for over 85 per cent, making China