IT sector to grow by 11-14 percent in 2012: Nasscom | SupportBiz
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IT sector to grow by 11-14 percent in 2012: Nasscom

 
Information technology (IT) trade association Nasscom is expecting an 11-14 percent growth for the current year, its president Som Mittal said. "The growth is contributed by mid and small companies that are growing around 20 percent," he said, adding that the projections will be reviewed in October.

Speaking at a human resources seminar, Mittal said that mid-size companies, with their focused approach, were growing now, unlike in 2008, when they were hit by recession.

He said that the Asia-Pacific, Latin America and other markets now contributed around 20 percent, up from the 10 percent earlier. This did not mean that the US and Britain markets would drop, he stated.