Tuesday, December 16, 2008
IT sector faces uncertain 4-6 quarters : Nasscom
Uncertainty in India's export-focused software sector will continue for the next four to six quarters due to deepening global economic turmoil, the sector's lobby group said on Tuesday."At this point in time, we're getting mixed signals," Som Mittal, president of the National Association of Software and Service Companies (Nasscom), said on the sidelines of a technology conference."Very clearly, the decision-making is slow at this time."In September, Nasscom said it would revise its growth projection for the sector, which was forecast to expand 21-24 per cent to about $50 billion in the year to March 2009.