Bengaluru: With 37 percent of global outsourcing, Indian IT industry is ready to reach revenue of $ 167 billion for the revenue fiscal 2018-19, on Thursday its top body Nasscom said.
Nasscom’s vice president Keshav R Murugesh said, “Indian IT and Business Process Management (BPM) industry exports, including exports, grew 8 percent year-on-year to $ 167 billion for 2017-19, which was $ 154 billion in fiscal 2017-18. Here at your strategic summit.
Given that the industry is capitalizing on new technologies and re-skilling, Murugesh said that Back Office Segment (BPM) is the world’s largest base, which is 1.2 million employees in the entire country with $ 32.5 billion Generates revenue.
Murugesh said, “Focus is on intelligent operations – process and domain expertise meets with digital technology, the digital sector is the key for digital and client providers, while companies take strategic acquisitions.”
Because digital technologies change businesses again, the industry is innovating to emerge as a center for digital solutions. Some of the companies’ priority is through upscaling, mergers and acquisitions or partnerships for digital, creation of platforms and products, and leveraging centers of excellence in new technologies.
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