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SCIENCE & TECHNOLOGY
IT SERVICES EXPORTS TO CROSS $100 BILLION
February 6, 2016
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1.IT industry body Nasscom said on Wednesday that India’s IT services exports would cross the $100 billion mark in 2015-16 and the sector would clock double digit growth in 2016-17.

2.The optimism comes despite concerns about the impact of the election campaign in the United States, which accounts for half of India’s IT exports and the rise of protectionism in Europe and the U.K. The IT sector, which India’s largest private sector employer, is likely to add two lakh new jobs this year, taking its employeestrength to 3.7 million.

3.It expects another two lakh new jobs in 2016-17 with an expected 10 per cent to 12 per cent growth in exports at the present currency valuations.The domestic growth is expected to be between 11 per cent and 13 per cent.