IT-BPM to achieve double digit growth in 2013: NASSCOM

MUMBAI, INDIA: NASSCOM (National Association of Software and Services

Companies) today said that Indian IT-BPM sector is expected to meet the lower-end of its growth guidance and at least achieve a double-digit growth.

This estimate is based on NASSCOM's analysis of Indian listed companies, multinationals and GICs; and industry sectors - IT services, BPO, ER&D and Products. Based on the analysis, the industry export revenues are estimated to be $75-77 billion for FY2013.

''The industry performance for the past half-year has demonstrated the sector's ability to innovate and deliver in enabling growth of customer businesses in challenging times. Changing business models, solutions around disruptive technologies and verticalized structures are enabling the industry to emerge as a strategic partner for their customers,'' said N. Chandrasekaran, Chairman, NASSCOM and CEO& MD, TCS.

While, NASSCOM's President Som Mittal said, ''The IT- BPM industry continues to be a growth sector for India, demonstrating double digit growth. The industry continues to reinvent itself - expanding the market, building new capabilities and a globalized model. Competitiveness, efficiency, service excellence and innovation are the key building blocks for the industry.''

According to NASSCOM, technology is increasingly becoming an integral part of every industry and in a multi-device connected world, new opportunities are being created for solutions on mobility, analytics, cloud and collaboration. These opportunities are also enabling growth of new companies from India that are serving both global and local markets.

The domestic market in the country is also increasing technology adoption

within the government sector and the SMB market.