India’s IT-BPM sector up 7.7% in FY20
The National Association of Software and Services Companies (Nasscom) announced that the IT-BPM sector grew by 7.7% year-on-year, garnering a total revenue of US$191bn in FY20. Despite growth rates moderating, Nasscom President Debjani Ghosh said it was a good performance from the sector.
Nasscom said the IT Services sector brought in the highest revenue of US$97bn (growth of 6.7%), followed by e-commerce which stood at US$54bn (growth of 25.6%). The sector generated exports of over US$147bn in revenues in FY2020, growing at 8.1% from the previous year.
The industry body said the sector, which had US$191bn in total revenue, had added 205,000 jobs in FY20, up from the 185,000 at the end of FY19.
Read more at The Economic Times.
Related news
- Air New Zealand mulls moving call center to Philippines · 14 Feb
- IT-BPM’s revenue forecast to reach up to US$32bn by 2022 · 12 Feb
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
