India’s outsourcing industry to grow by 32.6 percent
Benefitting from a boom in offshore outsourcing, India’s software and services exports are estimated to grow by 32.6 percent to over $31 billion in the Indian fiscal year to March 31, according to data released Tuesday by the National Association of Software and Service Companies (Nasscom).
IT services including software development are expected to contribute $18 billion to exports in the year to March 31, while business process outsourcing (BPO) and call centers are likely to contribute another $8.3 billion, according to Nasscom in Delhi. Engineering services, research and development (R&D) services, and product development work are expected to contribute a further $5.0 billion. The data includes exports by both Indian outsourcing companies, and Indian operations of multinational services and technology companies like IBM, Dell, Oracle, and Accenture.
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