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A first in 25 years: Nasscom defers IT growth forecast for FY18

Nasscom said growth for the current financial year (2016-17) was expected to be 8.6%

Ayan Pramanik & Shivani Shinde Nadhe  |  Mumbai 

Nasscom has unexpectedly postponed issuing a growth projection for 2017-18, a first in 25 years, in the wake of uncertainty due to regulatory changes in the US and the macroeconomic outlook. Nasscom said growth for FY17 was expected to be 8.6 per cent, within the earlier estimate of eight to 10 per cent but at the lower end. It had made the revision to 8-10 per cent last year, from the earlier 10-12 per cent. “Quantifying the guidance (forecast) still requires some work.  If we wanted to give a guidance, we could have for six to 10 per cent growth but due to political ...

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