Which are the sectors that Nasscom expects will fare well?
The BPO (business process outsourcing) sector is performing extremely well and this will help by contributing significantly to the overall exports from the country. For instance, during the last financial year, while the IT services sector contributed about $7 billion in exports, the BPO sector chipped in with export of about $2.5 billion. This year, total exports are likely to be in the range of about $12 billion. Of this, the BPO sector is expected to contribute about $2.5 billion to about $ 3.6 billion, which is no mean achievement given the current environment. On the other hand, IT services sector is expected to contribute about $ 8.4 billion to $ 9 billion plus. So, the BPO sector is likely to grow by about 50 per cent this year and the IT services by about 18 to 20 per cent. Can we achieve $ 70 billion in revenues as projected by Nasscom-McKinsey by the year 2008? We have had two tough business years which were further complicated by general recession leading to lower IT spend.
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