Software Export in India to Plunge in The Long Run: Karnik
Indian IT trade body National Association of Software and Services Companies (NASSCOM) has said that the software industry will reach the export target of USD 60 billion by 2010 but the long-term growth rate and profitability will fall on account of less government support and imposition of taxes.
"The present momentum should enable us to reach the target of USD 60 billion of exports in 2010. The software export industry will be able to meet the indicated export revenue of USD 31.6 billion this fiscal. But in the long run, with such discouraging policies, we expect a fall in growth rates and bottom lines, since the small and medium players in particular will be seriously impacted by these changes," Nasscom president Kiran Karnik said.
Read More On:SDA India
"The present momentum should enable us to reach the target of USD 60 billion of exports in 2010. The software export industry will be able to meet the indicated export revenue of USD 31.6 billion this fiscal. But in the long run, with such discouraging policies, we expect a fall in growth rates and bottom lines, since the small and medium players in particular will be seriously impacted by these changes," Nasscom president Kiran Karnik said.
Read More On:SDA India
posted by ITBusiness at 12:34 AM
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