Software service sector growth to be 10 percent, NASSCOM
Posted on: 04/Mar/2017 3:19:49 PM
NASSCOM has reported that there will be 8 to 10 percent growth in India’s Software Service sector during 2017-18.
The fiscal 2017 revenue growth is revised and is said to be close to 8 to 10 percent from the 10 to 12 percent because of the US headwind. The software industry gets its maximum portion of revenue from the US.
Several IT companies may be transforming their business strategies and regroup themselves matching new trends like surge in automation artificial intelligence, digital data and digital disruption.
On the other hand, a changeover is likely in the sector, NASSCOM believes. Due to automation, artificial intelligence, digital data and digital disruption, changes are likely. Many companies will come forward to regroup and re-architect their journey.
American President Donald Trump is in full swing moves to promote job opportunities to his countrymen. Hence, he is taking several measures, especially, the price for H1B visa is doubled. When this comes into effect, Indian companies exporting software to subsidiary firms in the US will be badly hit.
