IT-BPO SECTOR TO GROW

(VILLAGE GIRLS USING COMPUTERS;CHANGING FACE OF INDIA)

Defying all the global trends of recession, at least one sector in India is likely to grow in coming fiscal also. If the figures released by National Association of Software and Service Companies (NASSCOM) are believed to be true, the IT-BPO sector will touch 60 billion US dollar export in the 2010-11 fiscal.

The Association, while releasing the data, said that the export in current fiscal will touch 47 billion USD whereas; it said, the previous fiscal it was only 31.4 billion USD only.The Association however did not forecast the growth for the next fiscal i.e.2009-10 and presumptions are being drawn by the experts that coming fiscal will be somewhat uncomfortable for this sector also. Thanks to the recession all around the globe. The ‘buy American’ clause in the stimulus package of USA would certainly adversely affect the export prospects and perhaps due to this reason, the growth in export of RT-BPO is not likely to grow well in resonance with the global trend.

The growth in this sector, even in the period of recession, is largely due to expansion in domestic demands. As per the data available with the public domain, the domestic market in India is likely to increase to Rs/-52,200 crore in 2014-15 from Rs/-9200 crore in 2007-08, an increase of about 60%.

With the spectacular growth in the service sector, its contribution to the GDP has touched around 50-52%; the domestic demand of IT software is increasing by leaps and bounds. Even the smaller business enterprises are using IT software to upkeep their accounts to run their business. The entire business in India has underwent a cultural change, in commensurate with the changing pace of time.The contribution of govt’s initiative in the field of IT has also contributed considerably in this growth and its contribution cannot be overlooked. The massive outlay of Rs/-700 Crore for National e-governance Programme (Ne-GP) in the general budget for2009-10 paves way for speedy growth in this sector. All most all govt departments have undertaken huge task of computerising the offices and data with the use of latest software technology. It has also contributed in a big way in terms of increase in domestic demands. The SWAN, SDC and CSC are making impressive headways and hopes are high in the coming years in terms of expansion in the domestic demands.