Nasscom predicts 7-8% growth for FY2018

Amidst growing concern of protectionism, industry body Nasscom has predicted a growth of 7-8 per cent for the financial year 2017-18 in export revenues. This will be a shift from $116 billion in financial year 2017-18 to $124-125 bn in FY2018.

In terms of the domestic market the body has said that there will be 10-11 per cent growth from $24 bn in FY2017 to $26-26.5 bn in FY 2018.In



addition, Nasscom also said that the net hirer will be adding 1.3 to 1.5 lakh jobs in the upcoming financial year and the body will focus on reskilling through academic partnerships.

In a diversion from over dependence on US market, the industry body said that they are planning outreach activities in Japan, middle East, Africa and China with focus on digital solutions.