IT export growth projection is realistic, reasonable: Experts

The projection by Nasscom that Indian IT exports would grow 7-8 per cent in the current fiscal is realistic and reasonable and reflects the current global business environment, say senior figures in the sector.

The numbers put out by the industry body are very realistic because the global IT spending is not going up this year and there are political uncertainties in the US and parts of Europe, two key markets of Indian firms, said T V Mohandas Pai, the former Chief Financial Officer (CFO) of Infosys.

"In this background, it's very good. All big companies have said they will grow between seven to nine per cent," he noted.

In its guidance, Nasscom yesterday said IT exports are expected to grow 7-8 per cent during 2017-18, during which the sector is projected to add 1.3 lakh-1.5 lakh new jobs.

Another ex-CFO of Infosys, V Balakrishnan found the guidance reasonable but said the industry is at an inflection point and it's difficult to forecast revenue growth.

"I think this year is really an important year for the IT industry because there is an inflection point with new technologies coming in and traditional business getting commoditised. I think it's very difficult to predict the growth," Balakrishnan told

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