Indian IT industry revenue to grow by 8% to $167 bn in 2018-19 : Nasscom

With 37 per cent share of the global outsourcing, the Indian IT industry revenue is set to touch $167 billion for fiscal 2018-19, said its apex body Nasscom on Thursday. "The Indian IT and Business Process Management (BPM) industry revenue, including exports is set to growth nearly 8 per cent annually to $167 billion for 2018-19 from $154 billion in fiscal 2017-18," said Nasscom Vice Chairman Keshav R. Murugesh at its strategic summit here. Noting that the industry is capitalising on newer technologies and re-skilling, Murugesh said the back office segment (BPM) has the largest base in the world, generating $32.5 billion revenue with 1.2 million employees across the country. "The focus is on intelligent operations -- process and domain expertise combined with digital technology. Digital is the key area for clients and service providers while companies eye strategic acquisitions," said Murugesh.