Nasscom sees IT industry revenues growing at 7.7% in FY20 at $191 billion

The industry body remains cautiously optimistic about growth in FY21

The National Association of Software and Services Companies (Nasscom) on Wednesday said the IT industry is likely to end this financial year with 7.7 per cent revenue growth to touch $191 billion mark. Though this (growth rate) was higher by 160 basis points over FY19, the industry body said that it remained 'cautiously optimistic' about the growth prospects for the coming fiscal year, FY21.

"Based on what the CEOs say we are cautiously optimistic. We are going in that invest mainly in two-three areas, which will actually take care the demand for digital and technology solutions," said Keshav Murugesh, Chairman