At a time when the Indian IT industry finds itself in the crossfire of stringent visa regulations and a dwindling market, the latest NASSCOM projections on the IT industry for the fiscal year 2017-18 do come in as a ray of hope. While the projections may not be too rosy from the point of view of numerical percentages, there is enough growth opportunities going around in the IT industry for the more aggressive players to corner. Here what the NASSCOM has to say about the Indian IT industry in fiscal year 2017-18…
What are the numbers that NASSCOM is projecting?
While the NASSCOM has not denied the challenging environment facing Indian IT industry, it has made some interesting projections for the fiscal year 2017-18…
The focus will be digital, digital and digital…
Even if we were to leave the actual numbers aside for the time being, the big focus will be on the digital side of the business. There has been a distinct shift towards digital which broadly the SMAC foursome of social media, mobility, analytics and cloud. That is where most of the large corporations are investing and that is where the chunk of the opportunity for Indian IT companies is going to come from. NASSCOM has highlighted the following key points with respect to the digital opportunity for Indian IT companies…
What are the thoughts of the thought-leaders…
The gist of the NASSCOM outlook for the Indian IT industry is best captured by the 2 principal thought leaders at NASSCOM. Raman Roy believes that Indian IT industry has shown tremendous adaptability to the new normal in IT industry by changing their business models and also by investing in products and platforms. Raman feels that this constant reinvention is at the core of the Indian IT industry performance.
R Chandrasekhar has lauded the IT industry for being net hirer but has also called upon the IT industry to help reskill the industry in their own interests. That according to Chandra will help the IT industry prepare for the future.
The bottom-line appears to be that the investors may have become, perhaps, too cautious on an industry that is still showing a tremendous ability to constantly reinvent and adapt itself. From an investment perspective, this may be a key takeaway for the stock markets.
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