“IT Services industry’s main customers stabilizing”

• Export revenues of the Indian IT-BPO sector are expected to grow by 4 to 7 percent in 2009-10, according to NASSCOM, the trade body and chamber of commerce of IT-BPO industries.

• Increased investments in sales and marketing were expected to yield results, he said, adding that the investments in research and development had also been increased.

• Worldwide IT spending and growth was expected to come down further in 200910, he said. As the decision process from the client-side was shortened. It affected the ability to see far into the future.

• The industry added two lakh jobs in 2008-09. As hiring from colleges would be lower compared to previous years, many aspiring to get into the IT industry may not be able to do so.

The Hindu dd 30/07/09