India's IT Industry Forecasts Slowing Growth Amid Uncertainty
The Infosys campus in Bangalore.
Photographer: Sanjit Das/BloombergThis article is for subscribers only.
Revenue growth for India’s software services industry is forecast to further slacken as customers grappling with technology changes and political uncertainty slow down their spending.
Sales will rise 7 to 8 percent in constant currency terms in the fiscal year ending in March 2018, the National Association of Software and Services Companies, or Nasscom, said in a statement Thursday. Last financial year, the $154 billion IT services industry added $11 billion revenues to grow at an 8.6 percent pace.