The Channel logo

News

By | John Oates 13th February 2008 11:33

Indian IT sector will employ 2m by end of 2008

Still running like a train

The Indian IT industry is on track to hit revenues of $64bn, up 33 per cent, by the end of this year and to employ some two million people.

Figures from Nasscom - the National Association of Software and Service Companies - predict software and services exports will be worth $40bn, while domestic sales raise $23bn in the financial year 2008.

By 2010 the association expects the Indian software and services market to bring in revenues of between $73bn and $75bn. Although historically based on providing services to European and US firms, Indian IT firms are increasingly doing more work for other Indian organisations.

Som Mittal, Nasscom's president, said in a statement: "The trends are interesting and findings indicate that the domestic market is poised for growth with IT spends trending upwards particularly by the government."

Mittal said firms were becoming increasingly specialised - a sign of a maturing industry. ®

comment icon Read 7 comments on this article alert Send corrections

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state
Racecar