Quarterly results have been excellent; are happy days here again?

The quarter's results have been excellent, barring one or two temporary aberrations and it is heartening to see growth across all segments - digital and IT services, BPM, products and platforms

Ganesh Natarajan

Addressing a group of industry watchers and analysts in New York City in 2008 after the financial crisis had hit and I had just become chairman of industry association Nasscom, it was interesting to face a barrage of questions and waves of pessimism about the industry’s future. Some cynics were even expecting a three-year decline in industry revenues and were almost incredulous at my five per cent growth prediction for that year and a revival after that. Which did come to pass as a resilient industry found new mojo and surged back. In an almost inevitable repetition 2016 onwards, the wave of automation, artificial intelligence and economic slowdown across the globe had provoked forecasts of doom all over again and it’s good to be able to confidently predict today that the IT and BPM industry will get back to double digit revenue growth this year and find new avenues to grow in future.
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: May 30 2018 | 5:59 AM IST

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