Nasscom stops guiding annual IT growth; cautiously optimistic for FY20

Indian IT industry lobby body Nasscom has decided to stop giving its annual revenue growth guidance for the IT-BPM industry, and will now be sharing indicative trends for what the industry could look at the next year instead. The need for this change, according to Nasscom, is to make the data and trends more relevant, keeping up with the changing macro factors and technology shifts in the industry rather than a number that does not envisage these ongoing changes.

Speaking at a press conference at the Nasscom Leadership & Technology Forum 2019, Debajani Ghosh, President, Nasscom said, “If we look at the overall indicators it was a pretty good year.” Nasscom had earlier guided a 7-9 per cent revenue growth for IT services in constant currency terms for the industry for 2018-19.