Nasscom forecasts single-digit growth for IT sector at 7-8% in FY18

The sector's domestic growth was 8.6% to $38 billion, taking the total to $155 billion

Software exports from the country are expected to grow by single digits for a second year in a row. 

A number of reasons such as automation, slowing business in traditional services, growing protectionism in developed markets, and a shift in client spending to newer areas such as digital and cloud has been attributed for slow growth.

The National Association of Software and Services Companies (Nasscom) on Thursday forecast 7-8 per cent growth for the IT sector in 2017-18 (FY18), attributing this to political and economic uncertainties impacting decisions and discretionary spend.

Last year, Nasscom had projected growth of 10-12 per cent, but the