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Saturday
January 28,  2006

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  IT & ITES to Bring USD 130B Revenue

 

A Forrester Research study predicted that Indian and Information Technology (IT) and Business Process Outsourcing (BPO) would fetch the country USD 130 billion this year. It predicted that BPO alone would fetch USD $50 billion. They said that increased aggressive attitude of major Indian IT companies will result in overseas acquisitions to enable expansion such as the Tata Consultancy Services acquisition in Britain and Chile. The paper says the widening of the market is expected because more mid-sized companies will seek economies of scale from outsourcing. They also expect contracts to get shorter and more flexible. An increased growth in this sector will also benefit other sectors such as hospitality and aviation. Already, hospitality is seeing as much as 65% growths in room occupancy.


 

 

 

 

 

 

 

 



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