‘Growth is strong for IT companies’

Source: The Hitavada      Date: 03 Jan 2019 09:32:24


 

THE ongoing digital transformation taking place globally is making India’s information technology (IT) industry stronger, a trend that would continue its growth momentum at least in the foreseeable future, says an expert. Former President of the industry body NASSCOM (National Association of Software and Services Companies), R Chandrashekhar said 2018 has been a watershed year for the Indian IT industry because in 2016 people were writing its “obituaries.”

He said 2017 was a difficult year for the industry and there were many challenges during that period. “And in 2018 headlines were all about how the IT industry has really made really big strides in digital transformation space globally. Which basically shows that the shift to digital has not killed the IT industry”, he told PTI. “On the contrary, it has made it stronger and important as a partner for its clients,” he said.