12 February 2020

Newsscroll | Source: IANS

Indian IT sector revenue up 7.7% to $191 billion: Nasscom

Indian IT sector revenue up 7.7% to $191 billion: Nasscom

Bengaluru, Feb 12 (IANS) The resilient Indian information technology sector generated a whopping $191 billion in fiscal 2019-20, said the industry''s apex body on Wednesday.

"The IT-BPM (Business Process Management) sector grew 7.7 per cent year-on-year (YoY) to $191 billion, including $147 billion in exports and hired 205,000 people during fiscal 2019-20," said the National Association of Software and Services Companies (Nasscom) in a statement here.

The sector also remained a net hirer with a total workforce of 4.36 million (43.6 lakh), including 884,000 digitally skilled talent.

"The IT services sector garnered $97 billion with 6.7 per cent YoY growth, followed by e-commerce with $54 billion, growing at 25.6 per cent YoY."

--IANS

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Disclaimer: This story has not been edited by Outlook Staff and is auto-generated from news agency feeds. Source: IANS