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The Indian IT and business services market is expected to grow annually by 6.5 per cent to reach $14 billion by December 2020, with some impact from the ongoing Covid-19 pandemic, according to research firm International Data Corporation.
The IT and business services market grew by 8 per cent annually in the second half of 2019, according to IDC Worldwide Semiannual Services Tracker-2H19. The Indian software services industry body, National Association of Software and Services Companies (Nasscom), stopped providing a current year growth projection for the industry from 2019.
In FY2019-20, the IT-BPM (domestic and overseas) grew 7.7 per cent.
