Indian IT-ITeS industry is expected to grow 8-11% this fiscal, driven by an increase in discretionary spends in the IT space, growth across emerging, healthy client additions and value of new deals, according to a report by CARE Ratings
8% – growth was seen in the IT industry in FY18
$126 billion – was contributed to export revenues in FY18
$41 billion – was earned from domestic revenues
$32.23 billion – FDI inflows in the sector from April 2000 to June 2018
$6.15 billion – inflow in FY18, highest in the past five years
1.9 lakh – of the total workforce was added in the industry during FY14-18
50% – of Indian IT sector revenues come from North America
FY18 saw a soft growth in the US due to slowdown in IT spends by companies in financial services space