The $100-billion India IT-ITES sector faced strong headwinds in 2012-13 due to global economic slowdown and muted spending in North America and Europe, which accounts for 80% of Indian IT companies revenues.
Industry-body Nasscom expects a rise in global technology spending and opportunities created through adoption of disruptive technologies to propel growth in FY14.
Nasscom expects export revenues of $84-87 billion in 2013-14 fiscal at a growth rate of 12-14%. Exports were estimated to have grown by 10.2% to $75.8 billion in FY13.
The Indian IT industry, which contributes about 7.5% to the country's economy, gives direct employment to 25 lakh people.