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Moodys estimate: IT industry growth will be 11 to 13 percent
Posted on: 02/May/2016 5:53:08 PM
Moody`s has estimated that the annual growth of the Information Technology industry will be pegged from 11 percent to 13 percent.
90 percent of India`s IT exports is in developed countries.
Moody`s estimated based on the expectation that the economy of these developed countries will stabilise, which would be a great advantage to the Indian IT industry.
The profit margin for the IT industry may be around 21 percent to 22 percent.
There is the prevailing trend of fall in the value of Indian Rupee against US dollars since 2011.
However, over the recent period, Indian Rupee has started appreciating.
With these fluctuations in the exchange rates, it is rather difficult to estimate the growth in an accurate way.
The lead players in the IT industry will gain in a large way through cloud computing, artificial intelligence, and digital services.
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